Ask Question
1 August, 09:17

A partner who invests money in a business, but does not take an active role in management or assume unlimited liability for the firm's losses is known as a (n) :

+2
Answers (1)
  1. 1 August, 12:08
    0
    Answer: Limited partner.

    Explanation:

    The limited partner is part of the owners in a partnership business, that plays a passive role in the supervision of the business operations and whose liability in the business is limited to his investment in the business. The limited partner main duty is just to invest capital into a business, as business operations is supervised by the active partner.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A partner who invests money in a business, but does not take an active role in management or assume unlimited liability for the firm's ...” 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