GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Limited liability partnership:
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Have silent partners who cannot lose more than they invested
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Have a board of directors
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Have just two owners
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Have stock
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Explanation:
Detailed explanation-1: -What Is a Silent Partner? A silent partner is an individual whose involvement in a partnership is limited to providing capital to the business. A silent partner is seldom involved in the partnership’s daily operations and does not generally participate in management meetings.
Detailed explanation-2: -Silent partners can also be referred to as limited partners (LPs). In a partnership designated as a limited partnership, the liabilities of the silent partner are limited to the amount of money or property that they invest. In an LLC, the partnership agreement will provide details on the liabilities of silent partners.
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