Ask Question
1 September, 01:26

Mary, Nick, and Owen want to form a limited partnership to manage MN&O Services. A limited partnership must have at least:

A. one general partner and one limited partner.

B. two limited partners.

C. none of the above.

D. one general partner and two limited partners.

+4
Answers (1)
  1. 1 September, 01:43
    0
    The answer is A. The company must have One general partner and at least one limited partner.

    Explanation:

    To register a limited partnership, there must be at least a general partner who manages and run the whole business and who has an unlimited liability of the business and at least a limited partner whose liability are limited and bounded to the amount of shares or investment in the business.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mary, Nick, and Owen want to form a limited partnership to manage MN&O Services. A limited partnership must have at least: A. one general ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers