Which of the following cannot be engaged in managing the business?
A) a sole trader
B) a general partner
C) a limited partner
D) none of the above

Question

Quizplus · Accepted Answer

A limited partner cannot be engaged in managing the business as they have limited liability and their role is limited to their capital contribution. The sole trader and general partner have unlimited liability and are both involved in managing the business.

Which of the Following Cannot Be Engaged in Managing the Business