A partner who invests money in a business but is not involved in the day-to-day operation and is only risking capital equal to what they have contributed is called a ________.
A) general partner
B) limited partner
C) partial partner
D) corporate investor
E) back-up partner

Question

Quizplus · Accepted Answer

A limited partner is someone who invests money in a business but has limited liability and is not involved in the day-to-day operation of the business. They only risk the amount of capital they have contributed to the business.

A Partner Who Invests Money in a Business but Is