A limited partnership refers to a partnership set up for a temporary purpose, such as a real estate development project.

Name: A limited partnership refers to a partnership set up for a temporary purpose, such as a real estate development project.
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A limited partnership is not necessarily set up for a temporary purpose, but rather for the purpose of limiting the liability of certain partners (known as limited partners) who have invested in the partnership but do not participate in its management.

A Limited Partnership Refers to a Partnership Set Up for a Temporary