Victor is asked to be a part of a new business venture for a revolutionary mechanism to repair Internet cables that are placed on the ocean floor. Since the business involves high risk, Victor does not want to be held completely liable for the firm's debts if the project fails. In this case, Victor is most likely to prefer to participate as a(n)

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In this case, Victor is most likely to prefer to participate as a limited partner. A limited partner's liability is limited to his or her initial investment in the business. Limited partnerships are most often used for risky investments where the chance for loss is great.

Victor Is Asked to Be a Part of a New