| a partnership formed by at least one general partner and at least one special partner. |
limited partnership
What type of investor should participate in a limited partnership? The target market for investors who could participate in most limited partnerships is composed of high net worth clients who have tax problems and significant income. An investor who participates in such a partnership should understand that most limited partnerships are illiquid investments having no public market. In addition, the investor must ask himself or herself whether use can be made of the anticipated benefits and whether the high economic risk can be sustained.George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA |
