Question
Which business is the best example of a limited partnership? 1.Ethan operates a television repair shop and is personally liable for the debts of the
Which business is the best example of a limited partnership?
1.Ethan operates a television repair shop and is personally liable for the debts of the business. Kevin gave Ethan $50,000 to open the business and now shares in the profits with him. Kevin will only be liable up to his $50,000 if the business fails.
2.Harold owns and operates a furniture store and is personally liable for the debts of the business. Harvey works in the store as a salesman and is not personally liable for the debts of the business.
3. Mark and Melissa own and operate an ice cream parlor and are both personally liable for the debts of the business. Sharon works in the parlor serving ice cream and is not personally liable for the debts of the business.
4.Steve and Duncan operate a music studio and are both personally liable for the debts of the business.
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