In order to move with the quick pace of business, QXMC has developed a series of Limited Partnerships (LPs) to assist with its operations. All of which is managed by the QXMC Board of Directors (BoD).
The Limited Partnerships of QXMC
The Limited Partnership Objective
Each limited partnership was aimed at working with specific categories of economic development and growth. For the most part you can gather a good idea of what area the Limited Partnerships operated in by the name. In addition to keeping pace with the business world it also creates a silo around each limited partnership. Most times when things are described as being placed in siloes it is to a negative effect, however, in this case it works in QXMC’s favour.
When you place each business venture into a silo it insulates liabilities from one company to another. For a theoretical example let’s say that the Shellfish Limited Partnership (KSLP) has a large loss from being repetitively beaten by red tides. It ends up killing off most of the organisms and creates a major loss on that year’s revenue for the shellfish partnership. Since the Shellfish partnership only specifically deals with shellfish there is no way that it can have a negative effect on the forestry limited partnership (KFLP).