Limited partners

Who can be a limited partner in a limited partnership

Under the Limited Partnership Act 2008, any individual, New Zealand registered company, or other registered entity (including a limited partnership or overseas limited partnership) may be a limited partner of a limited partnership.

Limited partner liabilities

A limited partner is liable only for the debts and liabilities of the limited partnership to the value of their financial contribution — provided they have not been involved in the management of the limited partnership.

Please refer to Schedule 1 of the Limited Partnerships Act 2008 for a full list of activities that aren't considered to constitute taking part in the management of a limited partnership.