Question: What is the difference between a limited partner and a general partner in a limited partnership? a.) A limited partner can only invest cash while

What is the difference between a limited partner and a general partner in a limited partnership?

a.) A limited partner can only invest cash while a general partner can invest property or credit.

b.) A limited partner can only receive up to ten percent of the company's profits while a general partner can received an unlimited amount.

c.) A general partner has limited liability while a limited partner has unlimited liability.

d.) A limited partner's liability is limited to his investment while a general partner has unlimited liability.

e.) A limited partner's liability is limited to the amount of investments while a general partner's liability is limited to the value of the partnership.

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