Limited partnership structure
style(corporate): consequence-first leads, batch 2 — corporate-structure, investment-units, limited-partnership-structure, professional-centres-canada-lp, narrow-bank-financial-model, holding-company-valuation (EN+ES; no factual changes)
@@ -16,15 +16,15 @@ editor: woodfine-editorial paired_with: limited-partnership-structure.es.md --- The limited partnership (LP) is the legal vehicle through which the Canada and United States Direct-Hold Solutions are structured; the established Canada vehicle is governed by provincial partnership legislation and a limited partnership agreement that defines the rights and obligations of all parties, and the planned United States vehicle is intended to follow an equivalent structure once established. The Spain SOCIMI and Mexico FIBRA are not limited partnerships and are not covered by this article. The LP form achieves the structural goals of the direct-hold framework — legal isolation of each asset, direct beneficial ownership by unitholders, pass-through income treatment — without the governance overhead of a corporate subsidiary structure. The limited partnership (LP) form achieves the structural goals of the direct-hold framework — legal isolation of each asset, direct beneficial ownership by unitholders, pass-through income treatment — without the governance overhead of a corporate subsidiary structure. The Canada and United States Direct-Hold Solutions are structured through this vehicle. The established Canada vehicle is governed by provincial partnership legislation and a limited partnership agreement that defines the rights and obligations of all parties; the planned United States vehicle is intended to follow an equivalent structure once established. The Spain SOCIMI and Mexico FIBRA are not limited partnerships and are not covered by this article. ## Key takeaways