In a limited partnership
A) all partners must be general partners
B) no partners are liable for any of the partnership's debts
C) all partners must be limited partners
D) at least one partner must be a general partner with unlimited liability

Question

Quizplus · Accepted Answer

In a limited partnership, there must be at least one general partner who has unlimited liability and is responsible for managing the business, while the limited partners have liability only up to the amount they have invested.

In a Limited Partnership