limited partners
general partners
venture partners
corporate partners
Answer is Right!
Answer is Wrong!
The correct answer is: B. general partners.
A general partner is a partner in a limited partnership who is personally liable for the debts and obligations of the partnership. Limited partners, on the other hand, are not personally liable for the debts and obligations of the partnership, except to the extent of their investment in the partnership. Venture partners are a type of limited partner who invests in early-stage companies. Corporate partners are a type of limited partner that is a corporation.
Here is a brief explanation of each option:
- A. Limited partners are not personally liable for the debts and obligations of the partnership, except to the extent of their investment in the partnership. This means that if the partnership goes bankrupt, the limited partners’ personal assets are not at risk.
- B. General partners are personally liable for the debts and obligations of the partnership. This means that if the partnership goes bankrupt, the general partners’ personal assets are at risk.
- C. Venture partners are a type of limited partner who invests in early-stage companies. Venture partners typically have a lot of experience in the venture capital industry and provide guidance and support to the companies they invest in.
- D. Corporate partners are a type of limited partner that is a corporation. Corporate partners typically have a lot of financial resources and can provide capital to the partnerships they invest in.