A neuron is a nerve cell that is the basic building block of the nervous system. Neurons are similar to other cells in the human body in a number of ways, but there is one key difference between neurons and other cells. Neurons are specialized to transmit information throughout the body.
A limited partner is a partner in a partnership whose liability is limited to the extent of the partner's share of ownership. Because he is not a material participant, The Internal Revenue Service (IRS) treats the income that a limited partner realizes from his partnership as passive income that he can offset with passive losses.
Incorporated Limited Partnerships (ILPs) are legal entities which can be set up under most State and Territory partnership legislation.ILPs appear to be the preferred entities to use when applying for registration of a limited partnership for venture capital purposes under Commonwealth legislation.o obtain concessional tax treatment under the Commonwealth legislation the venture capital limited partnerships must be registered under the Venture Capital Act 2002 (Cwth) .