In a limited partnership, limited partners do not have the same rights as general partners to participate in management. Group o

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Vitek1552 [10]

2 years ago

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In a limited partnership, limited partners do not have the same rights as general partners to participate in management. Group o

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Business

1 answer:

dimaraw [331] · Answer 1 · 2023-09-11T19:34:38+03:00

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. This statement is true.

<h3>What is a limited partnership?</h3>

A limited partnership is a type of partnership that is made up of general partners and limited partners. The liability of limited partners is limited to the amount invested in the business while the general partners have unlimited liabilities.

The limited partner cannot partake in the daily running of the business unlike the general partner.

To learn more about limited partnership, please check: brainly.com/question/9244934

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