asked 138k views
4 votes
Limited partners are not personally liable for partnership debts beyond their capital contributions. True or False

asked
User Thkeen
by
8.0k points

1 Answer

4 votes

Answer:

F?

Step-by-step explanation:

"A limited partnership has two types ofโ€‹ partners: general and specific. ... Limited partners in a limited partnership invest capital but do not participate in management and are not personally liable for partnership debts beyond their capital contributions. E.A limited partnership must have one or more general partners."

answered
User Silvio Bierman
by
8.5k points
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