Which business structure includes both general and limited partners where general partners manage the business?

The business structure that includes both general and limited partners, where general partners manage the business, is a limited partnership. In this structure, general partners have the responsibility for the management of the business and are personally liable for its debts, while limited partners contribute capital and share in the profits but do not have active management roles. Their liability is limited to the extent of their investment in the partnership, protecting their personal assets from business debts.

This arrangement allows for a blend of management and investment, making it an appealing choice for investors who wish to participate financially without exposing themselves to the same level of risk as the general partners. The unique dynamic between general and limited partners is a critical feature that distinguishes a limited partnership from other structures like limited liability companies, general partnerships, or sole proprietorships, which do not typically involve a division of roles with varying liability levels as seen in limited partnerships.