Final answer:
In a limited partnership, the general partner's minimum participation in profits and losses is outlined in the partnership agreement.
Step-by-step explanation:
In a limited partnership, the general partner has a greater degree of liability and responsibility compared to the limited partners. This includes a minimum participation in profits and losses. The minimum participation is typically outlined in the partnership agreement, which sets forth the rights and obligations of the general partner. For example, the general partner may have a 50% share in profits and losses, while the limited partners have a 50% share as well, but with limited liability and less involvement in the management of the business.