Limited Partnership
Michael R. Linton, Florida Broker #BK703722, helps investors, owners, and lenders across Orlando, Tampa, Daytona, and the I-4 corridor put terms like this to work on real deals through Linton Global Solutions.
A limited partnership (LP) is a business entity with at least one general partner, who manages the business, and one or more limited partners, who contribute capital and generally have liability limited to their investment.
LPs have long been used for real estate syndications, separating the sponsor who runs the deal from the passive investors who fund it.
Roles
The general partner makes decisions and has broad authority; limited partners typically do not participate in management. In Florida, limited partnerships are governed by Chapter 620, Florida Statutes. Many sponsors now use an LLC as the general partner, or use an LLC instead of an LP altogether.
Why Investors Care
The partnership agreement sets the distribution waterfall, fees, reporting, and the general partner's authority. Interests in a syndication may be securities, so offerings must follow securities laws; that is a matter for counsel. Compare joint ventures.
A Hypothetical Example
A sponsor forms an LP to buy a neighborhood retail center: the sponsor's LLC serves as general partner, and eight passive investors are limited partners under a written partnership agreement. Hypothetical scenario; not legal or securities advice.
From the Desk
In any partnership, read the waterfall and the removal clause before the projections. That is where the deal really lives.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39 years in commercial real estate, first in Chicago, now in Florida, across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your Limited Partnership Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years in commercial real estate, first in Chicago and now in Florida, with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
What is a limited partnership?
An entity with general partners who manage and limited partners who invest.
Are limited partners liable for debts?
Generally only up to their investment, if they don't take part in management.
What Florida law applies?
Chapter 620, Florida Statutes.
Is an LP interest a security?
It can be; offerings should be reviewed by securities counsel.
LP or LLC?
Many sponsors now prefer LLCs; the right choice depends on tax and legal advice.
Article Summary
A limited partnership pairs managing general partners with passive limited partners; Florida LPs fall under Chapter 620.
Key Takeaways
- ✓GP manages.
- ✓LPs invest passively.
- ✓Liability usually limited.
- ✓FL Chapter 620.
- ✓Read the waterfall.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39 years in commercial real estate, first in Chicago and now in Florida, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
Ready to Talk About Your Limited Partnership Deal?
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Schedule a Free ConsultationWorks Cited
- The Florida Legislature. "Chapter 620, Florida Statutes: Partnership Laws." Online Sunshine, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0620/0620.html. Accessed Oct 9, 2026.
- Florida Department of Business and Professional Regulation. "License Verification: Michael R. Linton, Florida Broker BK703722." MyFloridaLicense.com, https://www.myfloridalicense.com/wl11.asp. Accessed Oct 9, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.