Under the chose theme „Limited partnership“, throughout the elaboration od the topic, we will talk about their founding, their members (complementary and commander), rights, obligations, but also their termination as a society. In what ways can society cease to exist, and are these the proper ways for society to cease to exist. Which members of the partnership include the obligations and managment of the partnership, and which members must obtain authorized permission in order to have the privilege of these opportunities, are another issues that we will focus on in this text. Also, we will state the significant defferences between the Limited Liability Company or the d.o.o., and the limites partnership, and the Public Limited Company or the d.d. and the limited partnership, because from the very knowledge that the limited partnership comes from the company of persons, and the remaining two from the capital society, gives us a pretty good view that we can already see from this that there are several differences between them. In order not only to leave the topic of the Limited Liability Company in theory, we will give a concrete example of the Limited partnership in the Republic of Croatia, their development, buisness and the current situationin which they are located, so that through their overall development we can illustrate the development of the Limited partnership.