In limited partnerships: (A) the liability for any loss incurred is borne by the company. (B) the sponsoring company acts as the general partner. (C) there is no special tax benefit for partners. (D) the sponsoring company does not retain rights to use any base technology to develop other products.

Question

Mohammad Bond

Business

19 January, 19:44

In limited partnerships: (A) the liability for any loss incurred is borne by the company. (B) the sponsoring company acts as the general partner. (C) there is no special tax benefit for partners. (D) the sponsoring company does not retain rights to use any base technology to develop other products.

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Answers (1)

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Martha Rangel · Answer 1

(B) the sponsoring company acts as the general partner.

Explanation:

Limited partnerships -

In this type of partnership there is a general partner, who has unlimited liability for the business debts and a limited partner, is referred to as limited partnerships.

The limited partners are also called the silent partners.

The limited partner do not have the right of voting, in the business or company.

Hence, from the given information of the question,

The correct answer is b.