In a limited partnership, some partners have only limited liability for
the obligations and debts of the partnership. Limited partners can only
contribute money or other property to the partnership, and they cannot
contribute labour, participate in the management of the partnership, or
have their name included in the name of the partnership. If they do so,
they will lose their status as limited partners and assume full liability,
along with any ordinary partners. Limited partnerships must be
registered. Registered ordinary partnerships or limited partnerships
that contain at least three partners may convert into private limited
companies, in accordance with the CCC.
Partnerships that have registered capital of more than 5 million baht
are subject to additional requirements to submit evidence issued by a
commercial bank to prove that the capital injection is made into the
partnerships' bank accounts.