It is clear that the Limited Partner in the New Zealand Limited Partnership may not engage in day-to-day activities, but what are the “safe harbour” activities they may engage in?
Peter DAILY, Seattle, USA
The safe harbour activities are the designed to allow the Limited Partner to participate in the key decision of the Limited partnership while maintaining their limited liability. Under current regulations, the safe harbour activities include:
- Taking part in the decisions about the amendment or replacement of the Partnership Agreement.
- Taking part in the decision to approve an proposed investment.
- Taking part in decisions regarding the general nature of the Limited Partnership.
- Taking part in the decision of whether the Limited Partnership should be terminated entirely.
For a full list of the safe harbour activities, please see our article on Safe Harbour Activities in a Limited Partnership.
For more information regarding New Zealand Limited Partnerships, please contact us or read our information section. To register your own New Zealand Limited Partnership, please proceed to our ordering page.
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