Commanditaire vennootschap

The limited partnership is a special form of general partnership in which a distinction is drawn between managing partners and limited partners. The managing partners are responsible for day-to-day management and are jointly and severally liable for all debts of the partnership, whereas the limited partners act as silent partners whose liability is limited to the amount of their contribution.

This legal form is particularly suitable for entrepreneurs seeking to raise external capital without exposing investors to unlimited liability. Limited partners may not perform acts of management; doing so would result in the loss of their limited liability.

In practice, limited partnerships are frequently used for real estate projects, investment funds and family businesses. At the time of formation, it is essential that the partnership deed clearly defines the respective roles, contributions and liabilities in order to avoid future disputes.