LP (limited partner) generally refers to limited partners.

Limited partners, that is, institutional investors and individual investors such as enterprises or financial insurance institutions who participate in the investment, or who are converted into limited partners in accordance with the law with the unanimous consent of other partners, are legally recognized as persons without capacity for civil conduct or with restrictions on civil conduct.

A partner of capable people.

These persons have limited liability.

Limited partners can use currency, physical objects, intellectual property rights, land use rights or other property rights as valuations to contribute capital.

Limited partners are not allowed to contribute capital through labor services.

Limited partners shall pay their capital contributions in full and on time in accordance with the partnership agreement; if they fail to pay in full and on time, they shall bear the obligation to make additional payments and bear liability for breach of contract to other partners.

Limited partners do not perform partnership affairs and may not represent the limited partnership externally.

Limited partners may conduct transactions with this limited partnership; however, unless otherwise stipulated in the partnership agreement.

A limited partner may operate a business that competes with the limited partnership on its own or in partnership with others; however, unless otherwise stipulated in the partnership agreement.

Limited partners may pledge their share of property in the limited partnership; however, unless otherwise stipulated in the partnership agreement.

A limited partner may transfer his or her property share in the limited partnership to a person other than a partner in accordance with the partnership agreement, but must notify other partners thirty days in advance.