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Question

The limited liability provided to limited partners means that they are not responsible for the debts of the business beyond?

1.the firm's total assets.

2.the amount they have invested in the company.

3.the percentage of profits they are entitled to earn.

4.their total personal assets.

Answer 1

According to the source link I posted below, "limited partners are not liable for those debts and obligations beyond the amount of their respective capital contributions."

Therefore, the answer is 2.