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
Correct Answer:
Verified
Correct Answer:
Verified
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