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5 June, 08:05

Limited partners in a company ...

have equal shares with general partners.

are paid first.

serve only as investors

are short term partners

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Answers (1)
  1. 5 June, 11:36
    0
    serve only as investors

    Explanation:

    A limited partner is an important source of capital for the business. Usually, a limited partner does not participate in managing the day to day business activities. They do not act as agents of the business and have no voting rights. Because of these reasons, limited partners are also known as silent partners.

    A Limited partner is more of an investor in the business. His or her main role is to provide capital for the business. The general partners undertake the management function role for the business. A limited partner share in the business profits. The business passes its income as income of the income of its partners. Unlike general partners, limited partners have limited liabilities to the debts of the business.
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