Question

question 4 of 19
which type of partnership limits the liability of some partners to their investment in the business?
select an answer from the options below.
a limited partnership
b general partnership
c sole proprietorship
d corporation

Explanation:

A limited partnership has two types of partners - general partners (with unlimited liability) and limited partners (liability limited to their investment). A general partnership has all partners with unlimited liability. A sole proprietorship is not a partnership. A corporation is a separate legal entity, not a partnership.

Answer:

A. Limited Partnership