Vincenzo Martin and Sasha Boudrakis have started a new firm, The Fan Base. Vincenzo is a well-known marketing guru who advises major league sports franchises on how to maximize the revenue from their teams' brands and logos. Sasha, meanwhile, is mostly silent in the operation. He has invested $2 million to get The Fan Base off the ground, and in return he receives 25% of the firm's annual profits. The Fan Base is organized as a

Question

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Vincenzo and Sasha are partners in a limited partnership, defined as a partnership in which only one partner has control of the operation while the other person simply contributes to and receives only part of the profit.

Vincenzo Martin and Sasha Boudrakis Have Started a New Firm