Final answer:
A business with general partners managing daily operations and investor partners with limited liability has a limited partnership. General partners have full liability, while limited partners' liability is limited to their investment.
Step-by-step explanation:
When a business has general partners that oversee the daily activities of the business and other partners that are only investors and are liable only up to the amount of their investments, they have a limited partnership. In this type of partnership, general partners handle the operational aspects and assume full liability for the business's debts, while limited partners contribute financially and share in the profits but have their liability restricted to their investment in the company.
This arrangement helps protect limited partners' personal assets from the company's financial risks while enabling the business to raise more capital than a sole proprietorship. However, it is important to note that the presence of silent partners does not absolve the general partners from personal liability, and they can still be responsible for business debts and actions taken by other partners.