In the context of limited partnerships, when exactly a limited partner loses her special status and becomes a general partner with unlimited liability, explain?

A limited liability is when two or more partners combine to form a business. In a limited liability, one or more partners is liable only to the amount that that partner has invested. Limited partners do not receive dividend

The limited partnership is usually concerned to the investment issues. Other responsibilities are not shared there. The limited partnership does not have any kind of the liabilities of debt of the business and other financial obligations. The managerial decision is not taken by the limited partnership.

On the other hand, when limited partnership turns into the general partnership many types of responsibilities are performed there. The managerial decisions including daily routine activities are shared there. The general partnership is concerned with all types of financial obligations. Even the liabilities include debt and litigation of the company. Here the profits and loss are also shared according to the norms. All the matters are documented clearly in the legal ways to avoid any type of conflict.