Choosing your legal structure is one of the first things you’ll do as a new small-business owner. Among the different types of business structures, a limited partnership is an option that gives you a way to raise money from a close group of investors, but is usually a good choice in only a few circumstances. Overview of…

Teddy Nykiel is a writer at NerdWallet. Email: articles@nerdwallet.com.

The article Limited Partnership: What It Is and When It’s Best for Your Business originally appeared on NerdWallet.

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