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 ... the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership Many states allow a business form called the limited ...

Limited partners are only at as much risk as the capital they put into the partnership whereas general partners may face unlimited liability. So if liability is a concern in your business venture ...