Multiple Choice
Which statement best describes limited partners?
A) They risk their personal wealth in exchange for a controlling share of ownership.
B) They agree to invest their money in the company for a limited time period.
C) They have limited liability for the debts of their company as long as they do not actively participate in management.
D) They cannot own more than 10 percent of the company's stock.
Correct Answer:
Verified
Correct Answer:
Verified
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