A limited partnership (LP) is a form of partnership similar to a general partnership, except that where a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner.

The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e., they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.

As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership's activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was actually authorized by all the other partners."

Limited Partnership is a 2014 American documentary film directed by Thomas G. Miller. Through archival footage and modern interviews, it covers a 40-year marriage between two gay rights activists in the US. It premiered at the 2014 Los Angeles Film Festival and aired on Independent Lens, a PBS program, in June 2015.

Synopsis

Richard Adams, a Filipino-American, and Tony Sullivan, an Australian national, met in 1971 when Sullivan was in the United States on a tourist visa. After hearing about a county clerk in Boulder, Colorado, who was marrying same sex couples, the two were married in March 1975. However, the Immigration and Naturalization Service refused to recognize the marriage, and, in a rejection letter, used a homophobic slur. In the face of impending deportation, the couple sued the U.S. government. The resulting case, Adams v. Howerton, was decided against them. After the couple lived abroad, Adams subsequently helped Sullivan return to the US illegally.