ad4d9912_siness_Entity_Comparison_Chart__4
[0] Limited Partnership [1] Unlimited number of general and limited partners allowed [2] Unlimited personal liability of the general partners for the obligations of the business; limited partners generally have no personal liability [3] Entity not taxed, as the profits and losses are passed through to the general and limited partners [5] The general partner manages the business, subject to any limitations of the Limited Partnership Agreement [6] The general and limited partners typically contribute money or services to the limited partnership, and receive an interest in profits and losses [4] 
Limited Partnership Certificate Limited Partnership Agreement
ILRG: Business Entity Comparison Chart
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