A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
A limited partnership may have any lawful purpose, regardless of whether for profit.
A limited partnership has perpetual duration, unless otherwise specified in the partnership agreement.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 14 - Mississippi Uniform Limited Partnership Act
Article 1 - General Provisions
§ 79-14-103. Knowledge; notice
§ 79-14-105. Partnership agreement; scope, function, and limitations
§ 79-14-108. Required information
§ 79-14-110. Nature, purpose, and duration of limited partnership
§ 79-14-112. Application to existing relationships
§ 79-14-113. Supplemental principles of law
§ 79-14-115. Reservation of name