A(n) ________ has one general partner, who is responsible for managing the business, and one or more partners, who invest in the partnership but do not participate in its management and whose liability is restricted to the amount of capital they contribute.

Question

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In a limited partnership, there is one general partner who manages the business and takes on unlimited liability, while the other partners have limited liability and do not participate in management.

A(n) ________ Has One General Partner, Who Is Responsible for Managing