The Principal Types of Partnerships Are General Partnerships, Limited Partnerships

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The Answer is In a general partnership, each member is a general partner. There are no "limited partners". The following are characteristics of a general partnership:
-Mutual agency
-Right to dispose of a partnership interest
-Unlimited liability
-Limited or uncertain life
In a limited partnership, one or more of the partners are general partners and one or more are limited partners. While general partners manage the firm and are personally liable for obligations of the partnership, limited partners invest capital only and limit their liability for partnership obligations to the amount of their investment. In return, limited partners give up the right to participate in the management of the firm.
A joint venture is an arrangement entered into by two or more parties to accomplish a single or limited purpose for the mutual benefit of the members of the group, often to earn a profit. The life of the joint venture is usually limited to that of the undertaking, which may be of short- or long-term duration. The relationship between the parties in the joint venture is generally governed by a written agreement. A distinguishing characteristic of the agreement is that each joint venture participates directly or indirectly in the overall management of the resources. Accordingly, major decisions require the consent of the ownership group. Joint ventures are sometimes organized as corporations and sometimes organized as partnerships.

The Principal Types of Partnerships Are General Partnerships, Limited Partnerships

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