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Can a limited partnership have multiple limited partners?

I'm looking for a partnership type that will allow for multiple parties to invest (potentially different amounts of money) in real estate projects. I'm in real estate development and have my own (currently inactive) LLC. I've heard of builders initiating a single LLC with a partner, then dissolving the LLC after the real estate project sells.

Investing, Real Estate
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October 2017

I'm not an attorney, but yes, a limited partnership may have mutiple limited partners which is usually outlined in a limited partnership agreement or operating agreement. Typically, private equity funds set up their structure so the general partner of the LP is an LLC company and the limited partners are investors.

October 2017
October 2017