Four features of a Limited Partner are:

1. Limited Liability: A limited partner’s liability is restricted to the amount of capital they have invested in the partnership. They are not personally liable for the debts of the partnership beyond their investment.
2. No Management Role: A limited partner is not involved in the day-to-day management of the partnership business. They have no authority to bind the partnership.
3. Profit Sharing: A limited partner shares in the profits of the partnership based on their investment, but their involvement in decision-making is minimal.
4. Loss of Limited Liability if Active: If a limited partner participates in the management of the partnership, they may lose their limited liability status and be treated as a general partner with unlimited liability.