The limited liability provided to limited partners means that they are not responsible for the debts of the business beyond
A. the firm's total assets.
B. the amount they have invested in the company.
C. the percentage of profits they are entitled to earn.
D. their total personal assets.
Which of the following is an advantage of a partnership?
A. Ease of starting and ending the business
B. Unlimited liability
C. Shared management and pooled skills
D. Little time commitment
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