What type of partner generally does not participate actively in the business and whose liability is limited to the amount invested in the partnership?

Name: What type of partner generally does not participate actively in the business and whose liability is limited to the amount invested in the partnership?
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Question

Quizplus · Accepted Answer

A limited partner is one who does not actively participate in the management of the business and whose liability is limited to the amount they have invested in the partnership.

What Type of Partner Generally Does Not Participate Actively in the Business