Is one in which there are 2 types of partners :
1. Limited Partners: One or more partners whose liability is limited to such amount as they may respectively undertake to contribute to the partnership. Therefore, limited partners are not allowed to manage the business of the partnership, and
2. General partners and/or managing partners: One or more partners who are jointly and unlimitedly liable for all the obligations of the partnership. General Partners are normally manage the business of the partnership.