A limited partnership is made up of which of the following?
A)general partners and limited partners
B)general partners and shareholders
C)general partners only
D)limited partners only

Question

Quizplus · Accepted Answer

A limited partnership is made up of general partners and limited partners. General partners have unlimited liability and are responsible for the day-to-day operations of the business, while limited partners have limited liability and are passive investors who do not participate in the management of the business.

A Limited Partnership Is Made Up of Which of the Following