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Limited Partner
An investor in a partnership who has limited liability to the extent of their investment and does not participate in day-to-day management.
General Partner
A member of a partnership who has unlimited liability and is actively involved in managing the business.
Limited Partner
An investor in a partnership who has limited liability to the extent of their investment in the business and does not participate in day-to-day management.
Limited Partnership
A business partnership where at least one partner has limited liability to the extent of their investment while at least one other has unlimited liability.
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