A corporation can operate as the only general partner in a limited partnership.

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According to the laws of most states in the US, a corporation can act as the sole general partner in a limited partnership. Typically, a limited partnership requires at least one general partner who is responsible for managing the partnership and can be held personally liable for its debts and obligations. This can put the personal assets of the general partner at risk. By using a corporation as the general partner, the partners can limit their personal liability and protect their assets.

A Corporation Can Operate as the Only General Partner in a Limited