linaoficcial4758 linaoficcial4758
  • 13-10-2017
  • Business
contestada

Which is one important difference between a general partnership and a limited partnership?

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Kalahira
Kalahira Kalahira
  • 23-10-2017
In a general partnership, all partners share joint and full responsibility for the financial dealings of the partnership, meaning that if the partnership is sued, the general partners are financially responsible. A limited partnership has both general partners and limited partners. The limited partners are insulated from a majority of financial responsibilities that fall on the general partner.
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savonnaselkr savonnaselkr
  • 07-02-2020

Answer:

Every partner in a genral partnership is fully reposnabie for the busines 's debts.

Explanation:

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