As a limited partner in a construction business, Joe
A) has input only on major company decisions.
B) contributes only his time and not his money.
C) does not receive any portion of the profits.
D) only risks his initial investment.
E) cannot lose his investment in the partnership.

Question

Quizplus · Accepted Answer

As a limited partner, Joe only risks his initial investment in the partnership and is not personally liable for any debts or obligations beyond that. He also does not typically have input on major company decisions and may not receive any portion of the profits, depending on the partnership agreement. However, he does contribute some level of financial support to the partnership.

As a Limited Partner in a Construction Business, Joe