Section 179.0110 - Nature, purpose, and duration of limited partnership(1) A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.(2) A limited partnership may have any lawful purpose, regardless of whether for profit.(3) A limited partnership has perpetual duration.Amended by Acts 2021 ch, 258,s 143, eff. 4/17/2022.Amended by Acts 2021 ch, 258,s 143, eff. 4/17/2022.