Limited partnership Flashcards
(4 cards)
1
Q
Where do you register a Limited Partnership (brokerage)?
A
The DOS and the DBPR
2
Q
How many active brokers do you need for a Limited Partnership brokerage?
A
At least one active broker as a general partner
3
Q
What is the definition of a limited partner in a brokerage sense?
A
They are inactive and provide the cash or property for the operation of the business (investors)
4
Q
Do limited partners perform real estate services?
A
No
