Ask Question
24 October, 16:09

Darin is a limited partner in Eco Baits, a pest control service organized as a limited partnership, which cannot pay its debts. Darin is liable for the debts Select one: a. to no extent. b. to the extent of her capital contribution to the firm. c. in proportion to the number of partners in the firm. d. to the full extent.

+2
Answers (1)
  1. 24 October, 17:47
    0
    B) to the extent of her capital contribution to the firm.

    Explanation:

    The characteristics of a limited partnerships are:

    limited partnerships, unlike general partnerships, must be filed with a state government the partners of a limited partnership have limited personal liability which equals the amount of their participation in the partnership, e. g. Darin is only liable to a maximum amount that equals her participation in the partnership limited partnerships are controlled by the partners limited partnerships are taxed like general partnerships
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Darin is a limited partner in Eco Baits, a pest control service organized as a limited partnership, which cannot pay its debts. Darin is ...” 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