Examlex
Late FDPs consist of:
Limited Partners
Limited partners are investors in a partnership with limited liability to the debts of the partnership, and whose involvement in management is restricted by law.
General Partner
An owner of a partnership who has unlimited personal liability for the debts and obligations of the partnership.
Limited Liability Limited Partnership
A form of partnership that offers limited liability to some partners (limited partners) and allows others (general partners) to operate the partnership with limited liability as well.
General Partners
Individuals in a partnership who are responsible for managing the business and are personally liable for its debts.
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