Which type of partnership may include partners who are not responsible for the management?

Limited partnerships are characterized by having both general partners and limited partners. In a limited partnership, general partners manage the day-to-day operations and have unlimited liability, whereas limited partners contribute capital and have their liability restricted to the amount they invested in the partnership. Importantly, limited partners are not involved in managing the partnership and thus are protected from personal liability beyond their investment.

This structure allows investors to participate in a business venture without exposing themselves to the full risks associated with management decisions. As a result, the limited partnership is often used in situations where investors wish to support a business financially without engaging in its management.

The other types of partnerships do not provide this distinction. In a general partnership, all partners share management responsibilities and have equal liability. A sole proprietorship involves a single individual who manages the business, and a general liability partnership is typically synonymous with a general partnership in the liability it entails. Thus, only the limited partnership structure supports the inclusion of partners who are not responsible for management.