Beau has agreed to invest $19,000 in a partnership with his brother and sister-in-law. Not being in the same line of work as them, Beau does not intend to actively work in the partnership. He also does not want to risk any of his own assets other than the $19,000 investment. The partnership has agreed to permit him to share in the profits. As an expert on forms of business ownership, you know that Beau is a __________ in this partnership.

Question

24-07-2019
Business

contestada

Beau has agreed to invest $19,000 in a partnership with his brother and sister-in-law. Not being in the same line of work as them, Beau does not intend to actively work in the partnership. He also does not want to risk any of his own assets other than the $19,000 investment. The partnership has agreed to permit him to share in the profits. As an expert on forms of business ownership, you know that Beau is a __________ in this partnership.

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Nyctalus Nyctalus · Answer 1 · 2019-07-31T09:48:17+02:00

Answer: Limited partner

Explanation: A limited partner is that partner in the partnership who have limited liability to the extent of his or her investment in the business also he or she receives limited share from the profits of the entity. In this case Beau has liability to the extent of $19000 which is the amount of his investment in the entity also he is not a working partner and will work silently thus we can say that he is a limited partner.