Limited partners have unlimited personal liability for the debts and obligations of the limited partnership.

Name: Limited partners have unlimited personal liability for the debts and obligations of the limited partnership.
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Limited partners have limited personal liability in a limited partnership. This means that they are not personally responsible for the debts and obligations of the partnership beyond their initial investment. The general partner, however, may have unlimited personal liability.

Limited Partners Have Unlimited Personal Liability for the Debts and Obligations