Limited partnerships have one or more general partners and one or more limited partners.

Name: Limited partnerships have one or more general partners and one or more limited partners.
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Limited partnerships have at least one general partner who manages the business and is personally liable for the partnership's debts, and one or more limited partners who contribute capital but have no management or control over the partnership and are not personally liable for its debts beyond their investment.

Limited Partnerships Have One or More General Partners and One