answersLogoWhite

0

Can a limited partner engage in managing the business?

Updated: 8/20/2019
User Avatar

Wiki User

10y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can a limited partner engage in managing the business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can minor engage in business?

yes a minor can engage in business, but can not sign a contract of any sort.


What is dominant partnership?

Dorminant partner is a kind of partner who doesn't actively take part in the functioning of business, he liable to third parties as an active partner and he get his share in profits like an active partner.


How do you start a busnise?

it depends on the type and scale of business. for example a sole proprietorship. you will be the only investor, risk taker and profit taker. besides you will be the managing director. all business liability will be yours personal to settle off. in partnership, you may engage a few other investors and risk taker who will share profit nd loss with you. they may or may not be active managers of the business and can delegate this to any one experience in the group. or in case of an LLc, or Inc. entity or a limited company. there are a klrge no of shareholders who invest and take risk equal to their share holding with limited liability and a better legal status of the entity.


Why people engage business?

To have an income


Why do people engage to business?

BEcause ........to be rich.......


How can make successive life with life partner?

If you want a successful life,you got to to engage in sexual activity often,to tempt your partner to be with you longer


Why do people engage in business?

People engage in business to make money and get returns on investment. This is the sole objective of any type of business.


What is the difference between LLC and Enterprise?

An LLC is a legal form of a company that blends elements of partnership and corporate structures. An enterprise is one company or business. Start-up companies are usually referred to as an enterprise.


Top reason why people engage in business?

Poo


What makes a person decide to engage in a business?

persons decede to engage in business because of many aspect but what is mostly the reason i because of the profit that they could get from the business thats why they decide to engage in business other aspects also includes political and family aspects. DAVEBRIANN F. MENDOZA


Why people engage a business?

Putang ina mo naman!


How many partners in partnership?

one would engage with another to become there partner, and that means ATLEAST TWO