Question and answer
Which is true for a limited partnership? All partners have unlimited liability. All partners actively manage the business. Only one partner is required to be a general partner. All partners are required to invest an equal amount of money.
Only one partner is required to be a general partner is true for a limited partnership.
Expert answered|Jay901|Points 2204|
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Asked 12/4/2013 11:57:01 AM
Updated 1/25/2014 11:26:27 PM
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This answer has been confirmed as correct and helpful.
Confirmed by jay901 [1/25/2014 11:26:27 PM]
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