In a Limited Partnership, who provides financial capital but is not personally liable beyond their investment and cannot manage the business?

• A. General Partner
• B. Limited Partner
• C. Silent Partner
• D. Managing Partner

Answer: (B)

In a Limited Partnership, roles determine both liability and control: general partners run the business and face unlimited personal liability, while limited partners provide capital, have liability limited to their investment, and do not participate in management. The description fits a limited partner perfectly—they invest money, are protected beyond their investment, and stay out of day-to-day management. If a limited partner starts managing, their liability protection can be jeopardized, effectively making them a general partner for liability purposes. A silent partner is a casual term for a passive investor, but in formal terms within a Limited Partnership, the appropriate designation for this capital-focused, non-managing role is limited partner.