A general partner typically has unlimited liability for whatever the activity is, while a limited liability partner has, well, you see where this is going. ;)
Often a pipeline stock will be set up this way under the Master Limited Partnership (MLP) model. Kinder Morgan is an example, where you can buy into the GP or into the LP.
Outside of the MLP model, sometimes companies have compensation plans where some good-performers are invited to buy into LP status. Anytime you see that a company is "employee-owned" this could well be what's happening. Then they might invite some subset of that group later to become GPs. Members of the GP can benefit tremendously if things are going well but could lose everything if the company was fined some bejillions for some reason. Members of the LP can only lose the amount they've paid in at worst.
If you're interested, we should talk a bit (for free). I specialize in education and collaboration that includes the professional financial stuff done without the high cost. And I give customers the same professional tools that are usually limited to the yacht-owner crowd. Let me know!
I'm a former broker and fee-only planner who now does financial education. If you want to go over more in detail with someone who has zero bias, let me know!
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