A limited partnership has two (2)types of partners: (1)________ partners; and (2)________ partners.

Question

Quizplus · Accepted Answer

A limited partnership has two types of partners: (1) general partners, who manage the business and are personally liable for its debts, and (2) limited partners, who invest money in the business but have limited liability and no management authority. Therefore, choice A is the correct answer. Choices B, C, D, and E do not accurately describe the types of partners in a limited partnership.

A Limited Partnership Has Two (2)types of Partners: (1)________ Partners;