Question

A general partner Group of answer choices cannot lose more than the amount of his/her equity investment. has more management responsibility than a limited partner. is the term applied only to corporations that invest in partnerships. faces double taxation whereas a limited partner does not.

Answer 1

Answer:

has more management responsibility than a limited partner

Explanation:

General partner can be regarded as a

person who joins with another individual of one or more to form a business. The action of the business is the responsibility of a general partner, he/she can bind the business legally. Debts as well as obligations in the business is liable to him/her. It should be noted that A general partner has more management responsibility than a limited partner.