QUESTION IMAGE
Question
which of the following is not an attribute of a limited partnership? the limited partner is authorized to make business decisions on behalf of the general partners. limited partners are paid a dividend on profits earned by the company. limited partnerships do not share in the risk of the company beyond the amount of their investment. limited partners cannot sell their interest in the business without notifying the general partners.
Limited partners usually can't make business - decisions for general partners. They have limited liability, may get dividends, have restrictions on selling interests and limited risk.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
The limited partner is authorized to make business decisions on behalf of the general partners.