Ask Question
8 July, 01:22

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:

+3
Answers (1)
  1. 8 July, 04:43
    0
    Answer: Limited partner.

    Explanation:

    A limited partner is part of the ownership of a partnership business, whose liability in the business, can't go beyond his capital invested into the business.

    The partner who bears much of the liability of a partnership business is the general partner, which is the more active business owner.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: ...” 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