What is a positive feature of carrying on business as a limited partnership?
A) All partners are completely shielded from negligent or wrongful acts of partners.
B) They can be used as an investment device.
C) They can be created informally.
D) All partners have the same rights.

Question

Quizplus · Accepted Answer

Limited partnerships can be used as investment devices, allowing investors to contribute capital while limiting their liability to the amount of their investment. This structure is attractive for raising capital without requiring investors to take on management responsibilities or additional liability.

What Is a Positive Feature of Carrying on Business as a Limited