Question

In a limited partnership_____________?

A) all the partners participate in running the business.
B) investors may participate with only a small amount of capital but with unlimited liability.
C) the general partners run the business.
D) the number of investors is limited to 10

Answer 1

In a limited partnership, the general partners run the business, while the limited partners have limited involvement in the management and liability. Limited partnerships consist of at least one general partner and one limited partner.

Step-by-step explanation:

In a limited partnership, the general partners run the business. Limited partnerships consist of at least one general partner and one limited partner. The general partners are responsible for managing the day-to-day operations of the business, making decisions, and assuming unlimited personal liability for the partnership's debts and obligations. On the other hand, limited partners contribute capital to the partnership but have limited involvement in the business's management and liability.