A ___ consists of a general partner and one or more "limited" partners who do not participate in day-to-day management of the business.

Question

Quizplus · Accepted Answer

A limited partnership consists of a general partner who manages the business and is personally liable for the partnership's debts and obligations, and one or more limited partners who invest in the business but do not have a say in the management of the partnership and have limited liability for its debts and obligations.

A ___ Consists of a General Partner and One or More