Wholly state-owned companies, state-owned enterprises, listed companies, public welfare institutions and social organizations may not become general partners.
Analysis:
General partners need to bear unlimited liability. Therefore, in the event of major losses in the partnership, the general partner will pay off the debts with all his assets. If the general partner is a public welfare institution or social organization, it may happen that this unit (organization) goes bankrupt and pays its debts. Can you imagine a middle school going bankrupt and paying its debts? So who will undertake the teaching task in his area?
Public welfare institutions and social organizations can become limited partners. Limited partners bear limited liability, that is to say, how much investment was agreed at the beginning. Once the enterprise loses money, the limited partner only needs to bear the debts within the investment amount. Therefore, regardless of profit or loss, public welfare organizations and social organizations can ensure their existence and maintain their social service capabilities.