Venture Capital Limited Partnership is the common legal structure used to form a venture fund, where limited partners contribute capital and a general partner manages investments, with economics defined by the limited partnership agreement. In fund formation, the Venture Capital Limited Partnership structure provides pass-through taxation (in many cases) and limited liability for LPs, and Venture Capital Limited Partnership documents set governance, fees, carry, and restrictions.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
