Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He

Question

2 years ago

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Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He

has a good network of potential investors and partners. He has no experience in management.A. Limited partner in a limited partnership.B. Neither a limited or general partner would be a good choice.C. General partner in a limited partnership.

Business

1 answer:

Misha Larkins [42] · Answer 1 · 2022-08-27T12:31:51+03:00

Answer: A. Limited partner in a limited partnership

Explanation: Manny would best serve the role of a limited partner in a limited partnership. A limited partnership as a type of partnership has at least one general partner who manages the business from day-to-day and at least one limited partner who invests money in exchange for shares in the partnership, has restricted rights in the business, and no management role in the business. That is to say that Manny's involvement in the partnership is limited to providing capital to the business.