If a limited partner becomes a general partner as well in a limited partnership:

A) her share of profits will go down.
B) she will lose her managerial powers.
C) she will lose her limited liability.
D) she will lose her right to receive profits.

Limited Liability

A legal structure where a company's owners and shareholders are protected from personal responsibility for the company's debts or liabilities.

Limited Partner

An investor in a partnership whose liability is limited to the amount of their investment, without management authority.

General Partner

In a partnership, the partner who has unlimited liability for the debts of the business and takes part in the management of the business.