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Limited Partner
An investor in a partnership whose liability is limited to the amount of their investment, without management authority.
General Partner
In a partnership, the partner who has unlimited liability for the debts of the business and takes part in the management of the business.
LLLP
stands for Limited Liability Limited Partnership, a form of partnership that combines the elements of limited partnerships and limited liability partnerships, providing limited liability to all its partners.
General Partner
A member of a partnership who has unlimited personal liability for the debts and obligations of the partnership, and who has the authority to act on behalf of the partnership in management matters.
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