The primary advantage of being a limited partner is:
a. the receipt of tax-free income.
b. the daily control over the business affairs of the partnership.
c. the partner's maximum loss is limited to their capital investment.
d. the lack of any potential financial loss.
e. the partner's active participation in the firm's activities.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The primary advantage of being a limited partner is: a. the receipt of tax-free income. b. the daily control over the business affairs of ...” 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
You Might be Interested in
Diversification means - Options A strategy for company growth by starting up or acquiring businesses outside the company s current products and markets.
Answers (1)
To get to a remote village, you have to cross a wooden bridge that spans a deep chasm. Concerned about the structural integrity of the bridge you halt and request aviation support through your chain-of-command to cross the gap.
Answers (1)
Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for $10 per share. The shares had originally been issued by Lem for $7 per share.
Answers (1)
What do you call the second year of high school?
Answers (1)
The relationship between output and labor in a model holding capitalstock fixed is known as the:a. aggregate production function. b. long run production function. c. short run production function. d. factors of production. e.
Answers (1)
New Questions in Business
Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of:A. 15%B. 12%C. 24%D. 9%E. None of the above
Answers (1)
At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,000 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no
Answers (1)
Super Saver Groceries purchased store equipment for $35,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500.
Answers (1)
What information goes into a credit score
Answers (1)
What age groups are cared for by primary care physicians?
Answers (1)