Limited Partner A partner with liability that is limited to the partner's share of ownership and are generally not involved in the daily activities of operating the business. Home Resources Startup Law Dictionary Limited Partner Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :