Mara plans to open a shop specializing in foods and cultural items from the Middle East.She wants to be the firm's only general partner,but she is trying to get several friends to participate as limited partners.Apparently Mara wants to:
A)limit her personal liability to the amount she personally invests in the company.
B)obtain a strong financial base for the firm while maintaining personal control over the firm's management.
C)be the only person allowed to share in the firm's profits.
D)meet the legal requirements of the Uniform Partnership Act.

Question

Quizplus · Accepted Answer

Mara wants to be the only general partner, which means she will have control over the firm's management, while her friends as limited partners will provide financial support without being involved in management decisions.

Mara Plans to Open a Shop Specializing in Foods and Cultural