A partner who invests money in a business but is not involved in the day-to-day operation and is only risking capital equal to what they have contributed is called a ________.
A)general partner
B)limited partner
C)partial partner
D)corporate investor

Question

Quizplus · Accepted Answer

A limited partner is a type of partner in a partnership where they contribute capital, but do not participate in the day-to-day operations or management of the business. They are only liable for the amount of their investment and are not personally responsible for any debts or liabilities of the business beyond that amount.

A Partner Who Invests Money in a Business but Is