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30 October, 12:47

Mary, Nick, and Owen want to form a limited partnership to manage MN&O Services. A limited partnership must have at least:

A. one general partner and one limited partner.

B. two limited partners.

C. none of the above.

D. one general partner and two limited partners.

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Answers (1)
  1. 30 October, 13:15
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    The answer is A. The company must have One general partner and at least one limited partner.

    Explanation:

    To register a limited partnership, there must be at least a general partner who manages and run the whole business and who has an unlimited liability of the business and at least a limited partner whose liability are limited and bounded to the amount of shares or investment in the business.
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