Document background
The Simple Limited Partnership Agreement is a fundamental document used when establishing a kommanditselskab (limited partnership) under Danish law. This agreement is particularly useful for businesses seeking to combine the management expertise of general partners with the capital investment of limited partners, while maintaining the tax transparency advantages of a partnership structure. The document is essential for clearly defining the roles, rights, and obligations of all partners, establishing capital contribution requirements, profit-sharing arrangements, and management structures. It ensures compliance with Danish partnership laws while providing flexibility in business operations. The agreement typically includes provisions for partnership formation, capital structure, management rights, profit distribution, transfer restrictions, and dissolution procedures. This type of agreement is commonly used in investment vehicles, real estate projects, and various business ventures where some partners wish to maintain active management control while others prefer to be passive investors.
