A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

A form of business organization with the liability ... advantages over the limited partnership. For instance, unless the partner in a limited partnership assumes an active role, his or her losses ...

General partners and limited partners are commonly found in partnerships, limited partnerships, and limited liability corporations ... a business who plays an active role in its management.

Because of the nature of their interest in a business, silent partners have limited liability ... much less active role in their investments. Silent partners should carefully review partnership ...