A(n) partnership has one general partner, who is responsible for managing the business, and one or more partners, who invest in the partnership but do not participate in its management and whose liability is restricted to the amount of capital they contribute.

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This type of partnership is known as a limited partnership, where there is one general partner responsible for managing the business and one or more limited partners who invest but do not participate in management and have limited liability.

A(n) Partnership Has One General Partner, Who Is Responsible for Managing