Limited partners are those who have authority to operate the business.

Name: Limited partners are those who have authority to operate the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Limited partners are not authorized to operate the business. They are passive investors who provide capital and share in the profits, but have limited liability for business debts and obligations. The general partner is the one who is responsible for managing and operating the business.

Limited Partners Are Those Who Have Authority to Operate the Business