What is the biggest difference between a general partnership and a limited partnership?
A) amount of involvement
B) ownership percentage
C) liability
D) amount of investment

Question

Quizplus · Accepted Answer

The biggest difference between a general partnership and a limited partnership is in the liability of the partners. In a general partnership, all partners are personally liable for the debts and obligations of the business. In a limited partnership, there are two types of partners: general partners who have unlimited liability and limited partners who have limited liability and cannot participate in the management of the business.

What Is the Biggest Difference Between a General Partnership and a Limited