In a limited partnership, all owners have limited liability for the debts and obligations of their company.

Name: In a limited partnership, all owners have limited liability for the debts and obligations of their company.
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In a limited partnership, there are two types of partners: general partners, who have unlimited liability for the debts and obligations of the partnership, and limited partners, who have liability limited to the amount of their investment in the partnership.

In a Limited Partnership, All Owners Have Limited Liability for the Debts