In a limited partnership, the liability of a limited partner is limited to the amount of capital he or she has invested in the partnership.

Name: In a limited partnership, the liability of a limited partner is limited to the amount of capital he or she has invested in the partnership.
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This is the fundamental characteristic of a limited partnership, where general partners have unlimited liability while limited partners are only liable for the amount of their capital contributions.

In a Limited Partnership, the Liability of a Limited Partner