Who is authorized to sign a deed on behalf of a limited partnership according to Florida law?

In the context of Florida law regarding limited partnerships, only general partners are authorized to sign a deed on behalf of the partnership. General partners have the responsibility and authority to manage the day-to-day operations of the partnership and make decisions on behalf of the entity, including the execution of legal documents such as deeds.

Limited partners, on the other hand, typically have a more passive role in the partnership, investing capital but not engaging in management decisions. Their role is limited to financial contributions and sharing in the profits and losses of the partnership without having the authority to act on its behalf. Shareholders are associated with corporations, not limited partnerships, and thus also lack the authority to sign deeds for a limited partnership. Managing partners is a term that may be used informally; however, it specifically refers to those general partners who take on leadership roles and responsibilities. The essential point is that only general partners have the legal authority to bind the limited partnership in real estate transactions.