Question: How does a limited partnership differ from a general partnership? In a limited partnership, all partners are equally responsible for the business' losses. In a
How does a limited partnership differ from a general partnership?
In a limited partnership, all partners are equally responsible for the business' losses.
In a limited partnership, the limited partner's liability cannot exceed his or her investment in the business.
In a limited partnership, only one partner can reap the profits of the business.
In a limited partnership, there is only one business owner.
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