In a limited partnership the limited partners' losses are limited to their
investment in the business and not their personal assets.

Question

Quizplus · Accepted Answer

The name "limited partnership" implies that the liability of the individual partners is limited, and this is indeed the case. Limited partners are only liable to the extent of their investment in the business, and their personal assets are not at risk. This is different from a general partnership, where each partner is personally liable for the debts and obligations of the business.

In a Limited Partnership the Limited Partners' Losses Are Limited