Nature, purpose, and duration of limited partnership

Wis. Stat. § 179.0110
in effect
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(1) A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership. (2) A limited partnership may have any lawful purpose, regardless of whether for profit. (3) A limited partnership has perpetual duration.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/179.0110Fetched: 10/7/2026