kluckey8691 kluckey8691

02-01-2020
Business

contestada

True or False. In a limited liability limited partnership, the liability of a general partner is limited to the amount of capital he or she invests in the partnership.

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Moseshk Moseshk

07-01-2020

Answer:

True

Explanation:

In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business. Hence, True.

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nooris0663 nooris0663

09-11-2021

Answer:

True

Explanation:

I took the test and the answer was true

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