Disadvantages of a limited partner

Discuss three disadvantages of a limited partner

Disadvantages of a limited partner

  • He cannot participate in the management of the firm.
  • He cannot bind the firm.
  • He is not entitled to dissolve the partnership by notice.
  • His death/bankruptcy does not dissolve the partnership, unless provided for in the agreement.



Share through

Leave a Reply

Your email address will not be published.