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Which of the following does NOT define the responsibilities of a limited partner? A. No financial investment in the business. B. No involvement with management decisions. C. No liability for the actions
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Which of the following does NOT define the responsibilities of a limited partner? A. No financial investment in the business. B. No involvement with management decisions. C. No liability for the actions of the general partners. D. No day-to-day involvement in running the business.

User Gsf
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2 Answers

4 votes

B-No involvement with management decisions

User Majster
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5 votes
A limited partner is not responsible for the liability of the general partners, day-to-day involvement of running the business or having a financial investment. Therefore, they are involved with management decisions.
User Psychicebola
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7.1k points
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