A limited partnership is made up of which of the following?

A) general partners and limited partners
B) general partners and shareholders
C) general partners only
D) limited partners only

Limited Partnership

A form of partnership where one or more partners have limited liabilities and limited involvement in the day-to-day management, while at least one partner has unlimited liability.

General Partners

Individuals or entities that manage a partnership and are personally responsible for its debts.

Limited Partners

Investors who contribute capital to a partnership but are not involved in its daily management, and whose liability is limited to the amount they invested.