Question: One of the primary differences between a general partnership and a limited partnership is that Multiple Choice partners in a general partnership invest in a

One of the primary differences between a general

One of the primary differences between a general partnership and a limited partnership is that Multiple Choice partners in a general partnership invest in a business but do not manage it; partners in a limited partnership jointly own and manage their business. a general partnership pays corporate taxes; a limited partnership is only responsible for filing an information retur with taxing authorities. a general partnership is usually funded through debt; a limited partnership is funded by the sale of ownership rights through public markets. partners in a general partnership are permitted to bind the partnership; limited partners do not have the authority to bind the partnership

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