Josh and Kya form Longview Associates,a limited part?nership,to invest in real estate.Compared to a sole proprietorship and a general partnership,a limited partnership has limited

Question

Quizplus · Accepted Answer

A limited partnership provides limited personal liability to the limited partners, meaning they are only liable for the amount they have invested in the partnership and not for any additional debts or obligations. Sole proprietorships and general partnerships do not offer this type of limited personal liability protection. Therefore, the correct answer is C.

Josh and Kya Form Longview Associates,a Limited Part?nership,to Invest in Real