Limited partnership

{
  "id": "MLC-T-LAW-003058",
  "term": "Limited partnership",
  "field": "Law",
  "definition": "A business entity composed of at least one general partner and one or more limited partners. General partners manage the business and have unlimited personal liability for its debts, while limited partners contribute capital but do not participate in management and have liability limited to their investment. This structure is often used for real estate ventures or investment funds.",
  "url": "https://mlchart.com/terminology/law/limited-partnership/"
}