Forming a Limited PartnershipAs an alternative to a "general partnership," you can look into forming a "limited partnership."

Commonly used in real estate ventures, a limited partnership hasa general partner that assumes all personal liability for thebusiness. A limited partner (or partners) is simply an investor inthe business, with no personal financial obligations orliabilities. In "silent partner" setups, the generalpartner has control over operating the business, and the limitedpartners simply provide financial backing. Either way, if someonesues the partnership, only the general partner's personalassets can be touched.

Excerpted from开始一个以家庭为基础的业务