Shelly wishes to invest in Mark and Rhona's partnership, but she has no desire to take part in its management. Furthermore, she prefers to limit her liability to her investment. Which of the following organizational forms would accommodate Shelly's wishes?

Question

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A limited partnership is a business organization that allows for limited partners who have no decision-making power but only limited liability to their investment. The general partners have control over management and fully liable for the partnership's debts. Shelly can invest as a limited partner and have her liability limited to her investment while not participating in management.

Shelly Wishes to Invest in Mark and Rhona's Partnership, but She