In a limited partnership at least one general partner must exist; that general partner has unlimited liability.

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Quizplus · Accepted Answer

This is true. In a limited partnership, there must be at least one general partner who has unlimited liability for the partnership's debts and obligations. The limited partners, on the other hand, have limited liability and their personal assets are not at risk beyond their initial investment in the partnership.

In a Limited Partnership at Least One General Partner Must