A partnership limited by shares is a hybrid between a

partnership A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments ...

and a

limited liability company A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

. The capital and ownership of the company is divided between shareholders who have a limited liability and one or more partners who have full liability for the remainder of the company's

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

s. The partner(s) will usually direct the operations of the company while the shareholders are passive investors. * In Belgium and the Netherlands, this structure is known as '' Commanditaire vennootschap op aandelen'' (CommVA/CVA). * In Denmark, this structure is known as '' Partnerselskab'' (or ''Kommanditaktieselskab''). * In France, this structure is known as ''

Société en commandite par actions A partnership limited by shares is a hybrid between a partnership and a limited liability company. The Capital (economics), capital and ownership of the company is divided between shareholders who have a limited liability and one or more partners w ...

'' (SCA). * In Germany, this structure is known as ''

Kommanditgesellschaft auf Aktien A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited ...

'' (KGaA) and is not common. * In Italy, this structure is known as '' Società in accomandita per azioni'' (s.a.p.a). * In Iceland, this structure is known as '' Samlagshlutafélag'' (slhf.). * In Poland, this structure is known as '' spółka komandytowo-akcyjna'' (S.K.A.). *In Spain, this structure is known a
sociedad comanditaria por acciones
(SCA). *In Portugal, this structure is known a
sociedade em comandita por acções

References

Corporate governance {{law-stub de:Kommanditgesellschaft auf Aktien nl:Commanditaire vennootschap ja:株式合資会社