According to the textbook, ________ are common in real estate development, oil and gas exploration, and motion picture ventures.
A) sole proprietorships
B) limited liability companies
C) Subchapter S Corporations
D) limited partnerships
E) general partnerships

Question

Quizplus · Accepted Answer

Limited partnerships are commonly used in real estate development and oil and gas exploration because they allow for multiple investors to contribute capital, while limiting their personal liability to the amount of their investment. Limited partnerships are also frequently used in motion picture ventures to finance films.

According to the Textbook, ________ Are Common in Real Estate