According to the textbook, ________ are common in real estate development, oil and gas exploration, and motion picture ventures.
A) sole proprietorships
B) limited liability companies
C) subchapter S corporations
D) limited partnerships
E) general partnerships

Question

Quizplus · Accepted Answer

Limited partnerships are commonly used in real estate development, oil and gas exploration, and motion picture ventures because they allow for investors (limited partners) to contribute capital without being involved in the management of the venture or being personally liable for any losses beyond their investment. The general partner is responsible for managing the venture and is personally liable for any losses.

According to the Textbook, ________ Are Common in Real Estate