Question

All of the following define the responsibilities of a limited partner EXCEPT:

Answer 1

Answer:

Correct Answer:

D.

no day-to-day involvement in running the business

Explanation:

In partnership business, there are two major contributors who ensures that the business is running fully. The limited partner is one of the group. There function is limited leading to them investing only finances in the partnership business most of the time.

The day-to-day running of the business is left to the hand of the other partners.