There are two main advantages of a limited partnership:

Co-operation
Asset protection
In a limited partnership, partners co-operate to achieve more than they would individually, compensating for their weaknesses and combining their strengths. A limited partnership can generate more capital investment by bringing in new limited partners, greatly expanding the company’s financial options.

Another important aspect is the protection of assets for limited partners. As their liability is limited to the value of their contributions, potential silent partners may consider it advantageous to join a limited partnership; because they can freely control their contributions, a partnership enables them to make a profit without taking major financial risks.