A limited partner invests in the business but is not involved in the management of it..

Name: A limited partner invests in the business but is not involved in the management of it..
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A limited partner is a type of partner in a partnership where they contribute capital to the business but do not have any involvement in its management or day-to-day operations. This is in contrast to a general partner, who has an active role in managing the business.

A Limited Partner Invests in the Business but Is Not