Limited Partnerships are usually formed by individual persons or corporations who want to retain 100% control over an asset or development project. Such individuals can be investors or heirs who are going to receive their part of the company’s revenues. For example, an LP can  be set up for such goals as: - to perform commercial real estate development projects where the general partner is the organizer and manager of construction and maintenance of the project, and the limited partner is a passive investor; - to optimize a real estate ownership planning featuring the general partner owning the real estate and the limited partner being the heir.