A ________ is a special type of limited partnership that has both general partners and limited partners, where both the general and limited partners have limited liability and are not personally liable for its debts.

Question

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The description matches that of a limited liability limited partnership (LLLP), which is a specific type of limited partnership where all partners (both general and limited) have limited liability and are not personally responsible for the partnership's debts. Master limited partnerships (MLPs) are a different type of partnership primarily used in the energy and natural resources industries, and sole proprietorships are a type of business where there is only one owner who is personally responsible for all debts and liabilities. Foreign limited partnerships are partnerships registered in a foreign country and conducting business in the US.

A ________ Is a Special Type of Limited Partnership That