According to the third paragraph of Article 2 of the Partnership Enterprise Law, a limited partnership consists of a general partner and a limited partner. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the capital contribution subscribed.

It should be noted here that a limited partnership is an enterprise, not a company.

A limited partnership enterprise shall be established by two or more and fifty or less partners, including at least one general partner. A limited partner may not contribute with labor services, and a general partner may contribute with labor services at a fixed price. In a limited partnership, the general partner carries out the partnership affairs. If there are only limited partners left in a limited partnership, it shall be dissolved; Where there are only general partners left in a limited partnership, it shall be converted into a general partnership.