The correct answer is: B. limited partnership.
A limited partnership is a business structure in which one or more general partners are personally liable for the debts and obligations of the partnership, while the limited partners’ liability is limited to their investment in the partnership.
An unlimited partnership is a business structure in which all partners are personally liable for the debts and obligations of the partnership.
A joint corporate is a business structure in which two or more corporations are joined together to form a new corporation.
A joint venture is a business arrangement in which two or more parties agree to work together on a specific project or business venture.
In a limited partnership, the general partners are responsible for managing the partnership and making decisions on behalf of the partnership. The limited partners are not involved in the management of the partnership and their liability is limited to their investment in the partnership.
Limited partnerships are often used by businesses that need to raise capital but do not want to give up control of their business. Limited partnerships are also used by investors who want to invest in a business but do not want to be personally liable for the debts and obligations of the business.