Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law.Rhonda does not plan to work in the partnership,nor does she wish to risk any of her own wealth other than the $16,000 she invests,but she does intend to share in any profits earned by the partnership.Evidently,Rhonda will be a:

Question

Quizplus · Accepted Answer

A limited partner is an individual who invests money in a partnership but has limited liability and does not actively participate in the partnership's management. This fits Rhonda's investment and risk preferences, as she is only investing a specific amount of money and is not involved in the day-to-day operations of the partnership.

Rhonda Has Agreed to Invest $16,000 in a Partnership with Her