It is not necessary for a limited partnership to have general partners if the limited partners share management responsibility among themselves.

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Limited partnerships require at least one general partner who has management responsibility and liability for the partnership's debts and obligations. Limited partners have limited liability and cannot participate in management decisions unless specified in the partnership agreement. Therefore, it is not possible for the limited partners to share management responsibility among themselves without the presence of a general partner.

It Is Not Necessary for a Limited Partnership to Have