Which One of These Characteristics Best Describes the Primary Advantage

question 53

Multiple Choice

Which one of these characteristics best describes the primary advantage of being a limited partner rather than a general partner?

• A)Entitlement to a larger portion of the partnership's income
• B)Day-to-day management control of the business
• C)Profits free of any income taxation
• D)Overall control of the partnership
• E)Personal financial liability limited to the capital invested

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