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Ulan, Maximo and Adonis agreed to form an auditing firm with Ulan as a limited partner. Being penniless, Ulan has nothing to contribute but his

Ulan, Maximo and Adonis agreed to form an auditing firm with Ulan as a limited partner. Being penniless, Ulan has nothing to contribute but his labor towards the partnership. Is this kind of setup legally possible? Explain why or why not.

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