In a limited partnership, although one partner runs the business, any number
of the others may have partial involvement in the business.

Question

Quizplus · Accepted Answer

In a limited partnership, there are two types of partners - general partners who manage the business and are personally liable for business debts, and limited partners who are only liable for the amount they have invested in the business and have no involvement in managing the business. Therefore, it is possible for some limited partners to have partial involvement in the business, while the general partner runs the business.

In a Limited Partnership, Although One Partner Runs the Business