does a partner structured as a limited liability corporation require a general partner?
General and Limited Partners vs. General, Limited, and Limited Liability Partnerships. Don't confuse general partners and limited partners with the types of partnerships (general partnerships, limited partnerships, and limited liability partnerships). A general partnership may have only general partners, while a limited partnership may have both general partners and limited partners. A limited liability partnership, on the other hand, has no general partners. All partners in an LLP have limited liability. (An LLP is similar to an LLC.) What is the Difference Between an Equity ...