A Brief Intro to Limited Partnership Agreement

One smart way to invest is to form a Limited Partnership. In it's simpliest form, an LP includes a General Partner that operates the day-to-day activites of the asset while the Limited Partners are simply investors that get to generate a passive income in addition to their fixed income. It's simple as that. Here's an E-How article on how to establish Limited Partnership Agreement. Always consult an attorney when dealing with these types of agreements.

E-How Texas Limited Partnership Agreement