(Solved): long-term debt. Multiple Choice 1 point The primary advantage of being a limited partner rather th ...

long-term debt. Multiple Choice 1 point The primary advantage of being a limited partner rather than a generalpartereris one's personal financial liability is limited to the a mountof capital inested the ability to have overall control of the partnership.having responsibility for day-to-day managementoftre business earning profits that are free from income taxation.