According to the provisions of the Partnership Enterprise Law, a limited partnership enterprise is established by more than two partners and less than fifty partners. If one of the partners is an enterprise, the enterprise participates in the limited partnership in the name of the enterprise instead of its own shareholders. An enterprise is a whole and belongs to one partner, no matter how many shareholders it has.
Therefore, according to the above situation, the limited partnership has 3 1 partners and no more than 50 partners, which does not violate the restrictions on the number of shareholders in the partnership enterprise law and is legal.
Partnership enterprise law
Article 61 A limited partnership enterprise shall be established by two or more and fifty or less partners. However, unless otherwise provided by law.
A limited partnership enterprise shall have at least one general partner.