A Partnership That Has at Least Two Classes of Partners

question 68

Short Answer

A partnership that has at least two classes of partners, general and limited, allows the limited partners to have no personal liability beyond the amounts they invest in the partnership, and the limited partners have no active role except as specified in the partnership agreement is a __________partnership.

---

Definitions:

Key Locations

Strategic or important places that are central to the operation or success of a business or activity.

Distribution

The process of making a product or service available for the consumer or business user who needs it.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Effective Visuals

Visually appealing and informative graphic elements such as charts, graphs, and images used to enhance understanding and retention of information.