In a limited partnership, a single _____ runs the business and is responsible for all of the business liabilities.
A)senior partner
B)CEO
C)general partner
D)limited partner

Question

Quizplus · Accepted Answer

In a limited partnership, the general partner is the one who runs the business and is responsible for all of the business liabilities. Limited partners, on the other hand, have limited liability and do not participate in managing the business.

In a Limited Partnership, a Single _____ Runs the Business