Limited partnerships are also referred to as ________ partnerships.

Name: Limited partnerships are also referred to as ________ partnerships.
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Limited partnerships are also known as special partnerships because they are formed by at least one general partner and one limited partner. The general partner controls the day-to-day operations of the partnership and is personally liable for the partnership's debts and obligations, while the limited partner provides capital but has limited liability.

Limited Partnerships Are Also Referred to as ________ Partnerships