Question $6$

$1$ pts

Limited partnerships are a more recent creation in the law of many states. They offer personal liability protection for some partners. Which of the following is true about the selection of limited partnerships vs$.$ general partnerships?

$($Select multiple answers$)$

General partnerships offer investors more protection than limited partnerships

General partnerships can convey confidence to clients of the firm that the personal reputation $($and assets$)$ of the partners are at risk and therefore the services will be of high quality.

There are no advantages to a general partnerstion structure over limited partnership structure

Limited partnerships are common in finance $($private equity and venture capital especially$)$ in which most investors have limited decision making power and therefore benefit from the limited liability.