Which of the following is an advantage of a limited partnership?
A)It has the ability to attract large amounts of capital.
B)It is a nontax paying entity.
C)It can be created by default.
D)It cannot be transferred to another person.

Question

Quizplus · Accepted Answer

In a limited partnership,investors may contribute capital to the business yet avoid unlimited liability and the obligation to manage the business.Thus,the limited partnership has the ability to attract large amounts of capital.

Which of the Following Is an Advantage of a Limited