A limited partnership is created in accordance with State statutory requirements.

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  One or more general partners, with unlimited liability and vested control of the management of the business.

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  One or more limited partners, (also called special partners, or in Louisiana, partners in commendem.)

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  Limited liability of limited partners.

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  No management responsibilities of limited partners.

After 01/01/78, income derived as a limited partner is not NESE, except for guaranteed salary payments. See RS 01802.375.

Request a copy of the certificate of registration. when there is a question as to whether someone is a limited partner. Most States require notice to the public of the formation of a limited partnership. Notice is usually given by the filing of a certificate with specified State or county officials.