Question

Which of the following does NOT define the responsibilities of a limited partner? A. No financial investment in the business. B. No involvement with management decisions. C. No liability for the actions of the general partners. D. No day-to-day involvement in running the business.

Answer 1

B-No involvement with management decisions

Answer 2

A limited partner is not responsible for the liability of the general partners, day-to-day involvement of running the business or having a financial investment. Therefore, they are involved with management decisions.