Advantages and disadvantages of limited partner enterprises

Legal analysis: the advantage of a limited partnership company is that the limited partners are liable for the debts of the partnership company to the extent of their subscribed capital contributions, so that the partners do not bear unlimited joint liability; The disadvantage of limited partnership company is that limited partners can't participate in the affairs management.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 967 A partnership contract is an agreement between two or more partners to share benefits and bear risks for the same business purpose.

Article 968 Partners shall perform their capital contribution obligations in the agreed manner, amount and payment period.

Article 969 The capital contributions made by partners, income obtained from partnership affairs according to law and other property belong to the partnership.

Before the termination of the partnership contract, the partners may not request the division of the partnership property.