The limited partners in a venture share control of day-to-day operations with the general partners.

Question

Quizplus · Accepted Answer

The limited partners in a venture do not share control of day-to-day operations with the general partners. They are not involved in the management of the business and are mainly limited to providing capital and sharing in profits. The general partners are responsible for running the business and making decisions on a daily basis.

The Limited Partners in a Venture Share Control of Day-To-Day