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Limited Partnership
A form of partnership where one or more partners have limited liabilities and limited involvement in the day-to-day management, while at least one partner has unlimited liability.
General Partners
Individuals or entities that manage a partnership and are personally responsible for its debts.
Limited Partners
Investors who contribute capital to a partnership but are not involved in its daily management, and whose liability is limited to the amount they invested.
U.S. Law
The legal rules and regulations that govern behavior and activities within the United States.
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