Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins, zithers, and other string instruments.Metzger does not plan to work in the business and wants no more liability than his investment.He should be a:
A)stockholder
B)temporary partner
C)general partner
D)limited partner
E)joint partner

Question

Quizplus · Accepted Answer

Karl Metzger should be a limited partner because this type of partnership allows him to invest in the business without being involved in its operations and limits his liability to the amount of his investment.

Karl Metzger Plans to Invest $5,000 in a Partnership with His