What type of Partnership as a business formation would be best suited for a "Silent Partner" (someone who contributes capital to a company but does not participate whatsoever in day to day operations)
What type of Partnership as a business formation would be best suited for a "Silent Partner" (someone who contributes capital to a company but does not participate whatsoever in day to day operations)
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 4MC: Mutual agency is defined as: A. a mutual agreement B. the right of all partners to represent the...
Related questions
Question
Transcribed Image Text:What type of Partnership as a business formation would be best suited for a "Silent Partner" (someone who
contributes capital to a company but does not participate whatsoever in day to day operations)
O General Partnership
O C Corp
O Limited Partnership
O S Corp
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College