In a limited partnership, how many limited partners are required?

In a limited partnership, the requirement for limited partners is that there must be at least one limited partner involved in the business structure. This allows for a combination of both general and limited partners, enabling individuals who wish to invest capital without taking on the full liabilities and obligations of the business to do so. Limited partners have their liability limited to the extent of their investment in the partnership, which distinguishes them from general partners who manage the business and are fully liable for its debts and obligations.

Having only one limited partner is sufficient for the formation of a limited partnership, while any number of general partners can manage the partnership's operations. This structure provides flexibility in attracting investment while protecting the limited partners from personal liability beyond their investment in the partnership.

The other options incorrectly suggest requirements about the number of limited partners relative to general partners or imply that all partners must share the same status, which is not how limited partnerships are structured. A limited partnership is designed to have a clear separation of roles between those who manage the business (general partners) and those who contribute capital without management responsibility (limited partners).