Limited Partnership v Overseas Limited Partnership
A Limited Partnership is formed by registration in New Zealand. An Overseas Limited Partnership is a partnership that has been formed in a country other than New Zealand but because it is engaged in business activities in New Zealand it must register as an Overseas Limited Partnership.
Overseas Limited Partnerships that are carrying on business in New Zealand must register on the register of Overseas Limited Partnerships as a form of creditor protection. This ensures that a record of these partnerships can be easily accessed by the general public.
