Although in most countries the options for limited partnerships are more or less the same, there are a number of jurisdictions that are especially accommodating to this type of business and which may prove especially advantageous. These are:
Japan The USA The United Kingdom
Japan Japan has its own legal traditions concerning partnerships where some partners have limited liability. Whereas in most Western countries there is usually only one option for incorporating a limited partnership, Japan offers three company types that functionally resemble a limited partnership, offering a variety of choices.
Limited partnership for investment When the partnership has negative equity, general partners have full liability and the right to receive all profits, but when the company has positive equity, liability is limited in accordance with the investment made by each partner, and profits are distributed likewise.
Anonymous partnership The liability of any partner who remains anonymous is limited to the value of their investment, but partners may choose at any time to disclose their names, at which point their liability becomes unlimited.
Joint venture partnership The most similar structure to the Western limited partnership, with the only difference being that in certain cases limited partners can still be sued individually, as if they had full liability.
The USA The USA can be a beneficial jurisdiction for limited partnerships because different states apply different laws for such entities and so businesses are able to choose the state with the most favourable legislation for entering into a partnership contract. This is complemented by the fact that, in many cases, states can choose whether or not to adopt certain federally-proposed laws. For example, some states allow limited partners to increase their management responsibilities despite their limited liability, while other states also permit limited partnerships to become limited liability limited partnerships, which is a separate kind of business entity.
The United Kingdom While limited partnerships in the United Kingdom generally follow the same principles as anywhere else in the Western world, this jurisdiction also allows for some variations due to its political traditions. For example, there are differences between English/Welsh and Scots law, and limited partnerships may choose the location most favourable to them while still being registered in the same country.