Ask Question
Social StudiesSocial Studies
16 May, 18:41

Which one of the following is an advantage of being a limited partner? Group of answer choices No power or obligation to control the daily operations of the firm Unlimited profits without risk of incurring a loss Active market for ownership interest Nontaxable share of any profits Losses not limited to capital invested

+5
Answers (1)
  1. 16 May, 18:50
    0
    No power or obligation to control the daily operations of the firm.

    Explanation:

    Partnerships consist of two types: general partnerships and limited partnerships. General partnerships have 2 or more partners who collaboratively manage the daily operations of the company and are both responsible for its financial issues. Limited partnerships are formed by both kinds of partners (limited and general), but the limited partners are generally just investors that do not share the same daily responsiblities than general partners do.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which one of the following is an advantage of being a limited partner? Group of answer choices No power or obligation to control the daily ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Use the term direct democracy in a sentence about Athenian democracy
Answers (1)
The Latin language of ancient Rome is no longer spoken routinely. What kind of work is needed to examine how Latin changed into the Romance languages of today (French, Spanish, Portuguese, Romanian, and Italian)
Answers (1)
Tyra avoids talking on the phone because ending a conversation is so awkward. How would dramaturgical theory explain why it is more difficult to end a conversation when on the phone compared to when you see someone in person?
Answers (1)
The new inventions of the the cotton spilling wheel, which had a name just look it up that allowed people to be clothed and the printing press that allowed people to mass print papers and books!
Answers (1)
What does unity of command mean? a. tactical direction is provided by the agency executive. b. responders receive assignments only from a superior within their home agency. c. personnel report to only one ics supervisor. d.
Answers (1)
New Questions in Social Studies
In which of the following cases did the court state that the name given to a damages cause by the parties has only slight weight, but that the controlling elements are the parties' intent and the case's special circumstances?
Answers (1)
Checks and balances are a counterbalancing influences by which an organization or system is regulated, typically those ensuring that political power is not concentrated in the hands of individuals or groups
Answers (1)
Which condition of a young child is characterized by the inability to develop normal social realationships?
Answers (1)
The difference between job enrichment and job enlargement is that: A. enlarged jobs involve vertical expansion, while enriched jobs involve horizontal expansion. B. job enlargement is more psychologically satisfying than job enrichment. C.
Answers (2)
Why did President Roosevelt begin the good neighbor policy
Answers (1)
Home » Social Studies » Which one of the following is an advantage of being a limited partner? Group of answer choices No power or obligation to control the daily operations of the firm Unlimited profits without risk of incurring a loss Active market for ownership interest
Sign Up Forgot Password?