2de6c440_anize_Your_Business___Nolo_com__Main_Drawbacks
[Type of Entity] limited partnership [Main Advantages] Limited partners have limited personal liability for business debts as long as they don't participate in management. General partners can raise cash without involving outside investors in management of business [Main Drawbacks] 
General partners personally liable for business debts More expensive to create than general partnership Suitable mainly for companies that invest in real estate
Chart: Ways to Organize Your Business | Nolo.com