Why is limited partnership considered more safe than general partnership?
class 11
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Since they are liable for the settlement of possible debts, not just with the limited partnership's business assets, but also with their private assets should the situation arise, they bear the greatest risk when forming a limited partnership.
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heya mate......✌
Answer:
a general partner may also be personally liable for the debts of the company, while the limited partner is not. ... The benefit of being a limited partner is so your liability is limited, while the downside is that a limited partner will not have the decision-making powers that a general partner would.
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