Which of the following type of owner cannot be engaged in managing the business?
A) A sole proprietor
B) A general partner
C) A limited partner
D) None of the above

Question

Quizplus · Accepted Answer

A limited partner cannot be engaged in managing the business. They have limited liability but do not have the right to participate in the day-to-day management of the business. The other options, sole proprietor and general partner, can both be actively involved in managing the business.

Which of the Following Type of Owner Cannot Be Engaged