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Type of partnership in which liabilities are limited for business owners...

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Financial Management
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Type of partnership in which liabilities are limited for business owners is classified as

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Correct Answer: Option B
Type of partnership in which liabilities are limited for business owners is classified as limited partnership. A limited partnership (LP) not to be confused with a limited liability partnership exists when two or more partners unite to conduct a business in which one or more of the partners is liable only up to the amount of their investment.
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