what are the benefits of a limited partnership 
limited partnerships are ideal entities for raising capital for a particular investment or set of assets they allow most partners to invest while keeping their liability limited the bottom linelimited partnerships are generally used by hedge funds and investment partnerships as they offer the ability to raise capital without giving up control limited partners invest in an lp and have little or no control over the management of the entity but their liability is limited to their personal investment meanwhile general partners manage and run the lp but their liability is unlimited 