Malvadesign

To avoid the inference of managerial control, limited partners may not take control of the firm, contribute services to the business, or allow their names to appear in the name of the business . Some creditors find ways to hold limited partners liable as general partners.
Many American investors see that limited partnerships, other than insulating limited partners from liability, offers the opportunity of putting money into the business and participate in deals that they would never have imagined they could have any access due to their small investments. The idea behind a limited partnership is that a general partner with a proven record of success in an investment area gathers money from other investors and makes decisions as to how and where to invest their money as limited partners.