LIMITED PARTNERSHIP

Provides a method where a partnership may increase its capital investment from investors who will play little or no role in business decisions. General partners manage the business while limited partners are passive investors and not allowed to make day-to-day business decisions or else they will face the same exposure to liability as general partners. States may also provide for certain entities in which there may be a limited or limited liability partnership which may serve to limit liability to some degree. There must be at least one general partner in a limited partnership.