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Which of the following is not an attribute of a Limited Partnership?

The limited partner is authorized to make business decisions on behalf of the general partners.
Limited partnerships do not share in the risk of the company beyond the amount of their investment.
Limited Partners cannot sell their interest in the business without notifying the general partners.
Limited Partners are paid a dividend on profits earned by the company.

Sagot :

Samawati

Answer:

The limited partner is authorized to make business decisions on behalf of the general partners.

Explanation:

A limited partner also knows a silent partner. The limited partner enjoys limited liability to the debts of the business. They are called silent partners because they do not participate in running the business affairs. A limited partner contributes capital to the partnerships and allows the general partner to manage the business affairs.

Since a limited partner enjoys limited liabilities to the partnership's debts, they are not allowed to make business decisions. The general partners with unlimited liabilities run the business and make all the decisions.

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