In which kind of business organization should you participate if you can afford to lose only the amount of your intial investment

Question

Blake Zuniga

Social Studies

11 May, 14:16

In which kind of business organization should you participate if you can afford to lose only the amount of your intial investment

+5

Answers (1)

Know the Answer?

Brianna Acosta · Answer 1

You should participate in a limited partnership is you can only afford to lose the amount of your initial investment.

A limited partnership exists when two or more partners come together to conduct business. Each partner is only liable for the money they have invested in the business. They are not responsible for the company's debts. The general partners, in this case, are liable for the debts of the whole company.