1. A positive answer

A limited partnership enterprise is established by two or more and fifty or less partners, except as otherwise provided by law. A limited partnership shall have at least one general partner. That is, a small number of investors as limited partners, while other investors as sleeping partner, so as to carry out a large-scale private placement of funds.

II. Detailed analysis

In fact, in many venture capital limited partnership enterprises, the number of partners in the legal sense is less than 5, but in the practical sense, the number of partners has exceeded the limit of 5, and anonymous partnership is generally adopted to avoid the limit of 5, that is, a small number of investors are limited partners, while other investors are sleeping partner, thus conducting large-scale fund private placement.

iii. Can labor services be used as capital contribution in the partnership enterprise?

Upon consensus of all partners, the general partner may use labor services to make capital contribution. What kind of person can contribute labor services and how to quantify the special skills of partners who contribute labor services are not specified in the law because they involve the vital interests of each partner, but are determined by all partners through consultation. However, a limited partner may not use labor services to contribute capital.