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Whichofthefollowingbestrepresentsadisadvantageofusingalimited partnership structure for a business? (p.219) Limited partners do not haveany liability for the debts of thebusiness. Limitedpartnersarerequiredbylawtoconsenttoapartnership agreement. Limitedpartnerscanforcethe dissolutionofthebusiness anddistributionof its assets

  1. Whichofthefollowingbestrepresentsadisadvantageofusingalimited partnership structure for a business? (p.219)
    1. Limited partners do not haveany liability for the debts of thebusiness.
    2. Limitedpartnersarerequiredbylawtoconsenttoapartnership agreement.
    3. Limitedpartnerscanforcethe dissolutionofthebusiness anddistributionof its assets in certaincircumstances.
    4. Limited partners are forced to continue their involvement evenif they aredissatisfied with thebusiness.

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