liyah61 liyah61

20-04-2017
Business

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which of the following describes an important difference between general partnership and limited partnerships

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MissPhiladelphia MissPhiladelphia

04-05-2017

The main difference between a general partnership and a limited partnership is that "A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.

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rhodesmj22 rhodesmj22

12-07-2020

Answer:

A general partnership has unlimited liability for all partners while a limited partnership has limited liability

Explanation:

Correct on a pex

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