Income Limited Partnership

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Definition: Income Limited Partnership

Income Limited Partnership
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Full Definition of Income Limited Partnership

A type of limited partnership established mostly to generate incomes otherwise unachievable by each party separately. Real estate or oil and gas limited partnerships are two examples of these. Profits made from this agreement can be taxable in most cases.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/income-limited-partnership/
Modern Language Association (MLA):
Income Limited Partnership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 24, 2024 https://payrollheaven.com/define/income-limited-partnership/.
Chicago Manual of Style (CMS):
Income Limited Partnership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/income-limited-partnership/ (accessed: April 24, 2024).
American Psychological Association (APA):
Income Limited Partnership. PayrollHeaven.com. Retrieved April 24, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/income-limited-partnership/

Definition Sources

Definitions for Income Limited Partnership are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.