What is a limited partnership? What is the difference between limited partners and general partners? Why must

Question:

What is a limited What is the difference between limited partners and general partners? Why must a limited have at least one general partner?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...