Are the Limited Partners passive investors?
The Limited Partners may be either passive investors or actively involved in the development and operation of the ranch. The Limited Partner may choose to be a passive investor at times, and may choose to be more actively involved in the ranch at times. Each Limited Partner is encouraged to be as active as possible within the ranch but enjoy the freedom of being a passive investor if they so choose. As an active participant in the ranch, a Limited Partner would choose to contribute time and effort to specified activities on the ranch. For example, a Limited Partner may have unique talents (road construction or fencing), and choose to oversee as the general contractor certain improvement projects on the ranch (construction of 2 miles of surfaced road or 2 miles of improved fencing). Compensation for Limited Partners engaged actively in development of the ranch would be detailed in the annual operating plan and approved in advance by the Limited Partner group.
