Limited partners can participate in a single aspect of the business (for instance, sales or marketing), but they cannot participate in the general operational activities of the business.

Question

Quizplus · Accepted Answer

Limited partners are investors in a partnership who are not involved in the day-to-day operations of the business at all. Their role is strictly as investors, and they have no authority or responsibility for the business's operational activities, including specific aspects like sales or marketing.

Limited Partners Can Participate in a Single Aspect of the Business