Limited Partnership Basics & More! is a practical guide to understanding how limited partnerships work, how they are structured, and how they can help finance a new company. Why is this information important to those looking to enter the entrepreneurship market, and how can it help them?

There are three ways to finance a start up a business: savings accounts, loans, and, equity investments (LPs, LLCs, stock). The lesson that we see here is that start-ups are about the high price of money. And this is an important issue in the REAL business world. Because one group of people, in the US, wants to act like a limited partner investor is really a person making a “loan”. And, of course, equity investors are not making loans. They are investors. My point? My point is this. The business world is tough. Really. And starting up a business is expensive. And if you don’t have the money to start up a business, your business idea is going to go nowhere.

Next, according to the IRS.gov website ‘over 28.4 million Americans registered their tax filings as either that of a general partner, limited partner, or member of an LLC’. What that means is that a lot of Americans are running franchise businesses. It also means that a lot of Americans are investing in local area businesses and franchise businesses – cash cows! So, my book shows people who need to raise “equity” start-up money how the limited partnership ecosystem works. The limited partnership business eco-system matches limited partner investors with limited partnership developers and franchise developers, and doing this helps local communities grow!

What is a common misconception you feel people have about Limited Partnership relationships? 

Limited partnership people, in the US, are sort of like people who belong to a club. LP people like the way things work. They like stakes and cash cows, and prefer stakes to stock, quite a bit. And, they like fellow LPs a little bit.

What is the “Friendship Formula,” and how can readers make this formula work for them to achieve their goals?

The “friendship formula” is an old 1930s-40s business formula. This formula worked like this. Best friends created businesses together, and then their wives networked with their friends to secure business clients. Also, Americans were supposed to know between 200-800 people, personally, in the 1970s, too.

What is one thing that you hope readers take away from your book?

If 28.4 million Americans can do it, so can you! Give it a try. Read my book. Research things. Prepare, and then go for it. Really, if you want to be a millionaire, then you gotta GET IN – you gotta GET IN the MONEY GAME! And why not? If your attempt to start up a business fails, then you can always go back to reading the ‘want ads’ section twice a week.
 
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