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

Question

Quizplus · Accepted Answer

A limited partner cannot engage in managing the business. They are only allowed to contribute capital to the business and share in the profits, but they cannot make managerial decisions or have a say in the day-to-day operations of the business. Sole proprietors and general partners, on the other hand, have full control over the management of the business.

Which of the Following Cannot Be Engaged in Managing the Business