In a general partnership, the general partners have _____ liability and have _____ control over day-to-day operations.
A) limited; no
B) unlimited; total
C) limited; total
D) unlimited; no
E) no; total

Question

Quizplus · Accepted Answer

In a general partnership, the general partners have unlimited liability, meaning they are personally responsible for the debts of the business. They also have total control over the day-to-day operations of the business.

In a General Partnership, the General Partners Have _____ Liability