Study Of A Limited Partnership System

The limited partnership, as an old business form, has a great development in globe, especially in USA, the most developed country, since 11 century. It hasn't been weakened when company has played the most important role in today's economy society. On the contrary, it has a new life . Today, China is focus on developing Marking Economy. A variety of business forms is eager to be wanted. But it is a pity, there is no national legislation about the limited partnership in China. Therefore, it is necessary and urgent to establish the limited partnership.The article consists of four parts, with about 38,000 words.The first part: the history of the limited partnership. The writer discloses the two factors of the emergence and development of the limited partnership, one is the laws and the other is economy. The difference is that the conflict of the two factors made the limited partnership emerge, and the coordination made it develop. At last , describe what the limited partnership is in China in order to show it is necessary to establish the limited partnership.The second part: the research on the basic legal problems about the limited partnership. The problems include the definition and characters of the limited partnership, the essence of the limited partnership and it's certification, the rights and obligation of partners and other related problems.The third part: the value of the limited partnership. The writer compares the limited partnership with the partnership and company. The writer find that the reason the limited partnership has strong power is it caters to the needs of the development of economy. The limited partnership is the complex of the partnership and company or the intergradations of both , because the limited liability is introduced into it. So, the limited partnership is not only set up more easily than company , but also more steady than partnership. Just because of the limited and unlimited liability, the limited partnership, on one hand , can be attractive to investors and on the other hand, can protect the interests of creditors.So, the business form is adopt to establish medium-sized and small enterprises, especially to the venture capital. Of cause, the writer indicates that the limited partnership is not perfect. It's shortcomings decide that it is usually changed into company when it has developed in a great degree.The forth part: the suggestion to legislation of the limited partnership in China. The writer firstly analyzes the necessary and feasible introduction of the limited partnership into China. Then, introduce the legislation of The United Kingdom and The United State in order to give a help to our legislation. Finally, makes practical suggestion, including the style of the limited partnership, how to perfect the legal system, the qualification and rights and obligations of partners, etc.