Equipment leasing partnership
Equipment Leasing Partnership is a limited partnership created to raise money for the purpose of capital equipment like cars, ships, airplanes, computers, and telephony equipment and lease them to operating companies for their business use. Partners earn income from the lease payments by ratio to the partnership shares. Limited partners are free of more liability in the venture except when the authority is overstepped in some aspects. Managing the partnership is the general partner is responsible of making the venture successful.