[amp_mcq option1=”the number of partners is limited” option2=”the liability of some partners limited” option3=”the liability of all partners is limited” option4=”the amount of capital that can be raised is limited” correct=”option2″]<\/p>\n
The correct answer is: B. the liability of some partners limited.<\/p>\n
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 are only liable to the extent of their investment in the partnership.<\/p>\n
General partners manage the partnership and are responsible for its day-to-day operations. Limited partners do not participate in management and are not personally liable for the partnership’s debts and obligations.<\/p>\n
Limited partnerships are often used by businesses that require a large amount of capital but do not want to expose their owners to unlimited liability.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
A. The number of partners is limited. This is not true for limited partnerships. There is no limit on the number of general or limited partners in a limited partnership.<\/p>\n
B. The liability of some partners limited. This is true for limited partnerships. The liability of limited partners is limited to the extent of their investment in the partnership.<\/p>\n
C. The liability of all partners limited. This is not true for limited partnerships. The liability of general partners is unlimited.<\/p>\n
D. The amount of capital that can be raised is limited. This is not true for limited partnerships. There is no limit on the amount of capital that can be raised by a limited partnership.<\/p>\n","protected":false},"excerpt":{"rendered":"
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