The purpose of this Act is to create a new set of rules for limited partnerships. You will have the option to use a flexible business structure that is recognised internationally, similar to what is used in other countries. This will give you more choices when setting up a business in New Zealand.
This Act also aims to help the venture capital industry in New Zealand grow and develop. You can find more information about how this Act was changed by looking at section 86 of the Partnership Law Act 2019. This change happened on 21 April 2020.
By having a modern regulatory regime for limited partnerships, you will have more opportunities to set up and run a business in New Zealand. This regime is designed to be flexible and to help businesses grow and succeed. It is also intended to make it easier for people to invest in businesses in New Zealand.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139100.
1: Title, or
"The name of this law is the Limited Partnerships Act 2008."
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Ministry of Business, Innovation, and Employment.
