Which feature distinguishes a limited partnership from other partnership types?

A limited partnership is specifically designed to include both general partners and limited partners, which is a defining characteristic that differentiates it from other types of partnerships. In a limited partnership, some partners (the limited partners) have limited liability, meaning their financial liability for the partnership's debts is capped at their investment in the business. This protection contrasts sharply with general partners who have unlimited liability and are fully responsible for the debts and obligations of the partnership.

This structure allows limited partners to invest in a business without taking on the same level of risk as the general partners. It is particularly appealing for investors who wish to support the business financially but do not wish to engage in its management or face complete financial exposure.

The other options do not apply to limited partnerships. For instance, not all partners have equal say in management; generally, the general partners manage the business while limited partners typically do not participate in management decisions. Moreover, multiple partners can contribute capital in a limited partnership, contrary to the notion that only one can. Furthermore, not all partners in a limited partnership must be actively involved in operations, as limited partners are, by definition, not required to take part in the management of the partnership.