Asked by MICHELLE POPOVSKI on Jun 19, 2024
Verified
In a limited partnership, the ___partners are only investors in the business.
A) general
B) limited
C) investing
D) protected
Limited Partners
Investors in a partnership who are not involved in daily operations and whose liability is limited to their investment.
Investors
Individuals or entities that allocate capital with the expectation of receiving financial returns.
- Differentiate between the various types of partnerships and their specific characteristics.
Verified Answer
DF
Daniel FerchJun 25, 2024
Final Answer :
B
Explanation :
In a limited partnership, the limited partners are the ones who invest money into the business but do not have a say in the day-to-day management, limiting their liability to the amount they have invested.
Learning Objectives
- Differentiate between the various types of partnerships and their specific characteristics.
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