A neuron is a nerve cell that is the basic building block of the nervous system. Neurons are similar to other cells in the human body in a number of ways, but there is one key difference between neurons and other cells. Neurons are specialized to transmit information throughout the body.
A limited partner is a partner in a partnership whose liability is limited to the extent of the partner's share of ownership. Because he is not a material participant, The Internal Revenue Service (IRS) treats the income that a limited partner realizes from his partnership as passive income that he can offset with passive losses.
What the Difference Between a General Partner and a Limited Partner? A general partner in a partnership takes part in the daily operations of the partnership and is personally responsible for the liabilities of the partnership. In contrast to a general partner, a limited partner is a partner in a partnership who has a share of ownership but who takes no part in managing the partnership. A limited partner is not liable for any amount greater than his or her original investment in the partnership.