Which of the following entity owners cannot participate in the management of an entity?
A) A general partner in a general partnership.
B) A member of a limited liability company.
C) A partner in a limited liability partnership.
D) A limited partner in a limited partnership.

Question

Quizplus · Accepted Answer

A limited partner in a limited partnership typically cannot participate in the management of the entity without risking loss of their limited liability status. General partners, members of LLCs, and partners in LLPs generally have the right to participate in management.

Which of the Following Entity Owners Cannot Participate in the Management