Can a limited partnership have more than one general partner?

A limited partnership can indeed consist of multiple general partners. This structure allows for flexibility in the management and operational control of the partnership. Each general partner shares in the responsibility for the management of the business and has unlimited liability for the debts and obligations of the partnership, which can be advantageous in situations where diverse expertise or additional resources are beneficial to the partnership's success.

The ability to have multiple general partners creates opportunities for collaboration and can help distribute the workload involved in managing the partnership. It also facilitates shared decision-making, allowing for a broader range of perspectives and skills to be utilized in the business.

The other options incorrectly imply limitations or conditions that do not align with the fundamental principles governing limited partnerships. For instance, the assertion that a limited partnership is limited to one general partner contradicts the flexibility of partnership structuring allowed under the law.