Business Studies, asked by ashutoshto2005, 3 months ago

are particular and limited partnership the same?

Answers

Answered by nagrenikita769
1

A limited partnership is different from a general partnership in that it requires a partnership agreement.

A limited partn*r is one who does not have total responsibility for the deb-ts of the partnership

The most a limited partn*r can lose is his investment in the business.

Hope this will help you

Thank you

Answered by fatimayasmeen24
0

Answer:

The difference between a general partner vs. limited partner is a general partner is an owner of the partnership, and a limited partner is a silent partner in the business. ... Usually, a general partner is either a managing partner or active in the daily operations of the company.

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