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At Sound Off!, a store that buys and sells used CDs, there is only one general partner, Sonia. She spends all her time running the business, and makes all the decisions. Sonia's mother and brother put up money for her to buy the store, but they work full time at other jobs and have no management say in the running of Sound Off!, but share in some of the profits. This is an example of a:

asked
User MatFiz
by
8.4k points

1 Answer

1 vote

Answer:

Limited partnership

Step-by-step explanation:

A limited partnership is a type of association where a portion of the accomplices contribute just monetarily and are at risk just to the degree of the measure of cash that they have contributed. In a limited organization structure, constrained accomplices are protected to the degree of their speculation.

For example in real state and in film industry limited partnership is frequently used

answered
User Louis Grellet
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8.6k points
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