At sound off!, a store that buys and sells used cds, there is only one general partner, sonia. she spends all her time running the business, and makes all the decisions. sonia's mother and brother put up money for her to buy the store, but they work full time at other jobs and have no management say in the running of sound off!, but share in some of the profits. this is an example of

Question

Social Studies

Kamden

16 December, 04:36

At sound off!, a store that buys and sells used cds, there is only one general partner, sonia. she spends all her time running the business, and makes all the decisions. sonia's mother and brother put up money for her to buy the store, but they work full time at other jobs and have no management say in the running of sound off!, but share in some of the profits. this is an example of

+1

Answers (1)

Know the Answer?

Jaylyn Woodward · Answer 1

This is called limited partnership. This exists when two or more associates unite to mutually make a business in which one or more of the associates is accountable only to the degree of the quantity of money that partner has capitalized. Limited partners do not obtain dividends, but revel in straight access to the movement of revenue and expenditures.