Question: What is the major difference between a general partnership and a limited partnership? Group of answer choices General partnerships and limited partnership do not have
What is the major difference between a general partnership and a limited partnership?
Group of answer choices
General partnerships and limited partnership do not have equal power in making major decisions.
Limited partners do not have the same financial risk as a general partner.
The limited partner provides financial backing, but does not take an active role in the daytoday operation and management of the sport facility.
Limited partners do not have the same liability risk when it comes to personal negligence related to a partners actions in the business.
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