In a limited partnership, only the general manager is involved in the day-to-day operations; however, all partners share in the profits.

Name: In a limited partnership, only the general manager is involved in the day-to-day operations; however, all partners share in the profits.
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In a limited partnership, the general partners manage the day-to-day operations, while limited partners contribute capital and share in the profits but do not participate in management decisions.

In a Limited Partnership, Only the General Manager Is Involved