Kelly, Piper, and Marisol Antique Partnership

What is Marisol's role in the antique partnership?

a. She will be in charge of the day-to-day running of the business

b. She will be responsible for the decision-making of the business

c. She will provide money and other property, but will not participate in the management of the business

d. She will provide professional advice as part of her management of the business

Marisol's Role in the Partnership:

The best description of Marisol's role in the antique partnership is option c:

As a limited partner in the antique partnership, Marisol's primary contribution is her financial investment and other assets. She will not be involved in the day-to-day operations or decision-making processes of the business.

Limited partners, like Marisol, have a more passive role in the partnership, acting as investors rather than being directly involved in management. They are not liable for the partnership's debts beyond their initial investment and do not have the same level of responsibility and decision-making authority as general partners.

Marisol's contribution in providing financial resources and potentially diversifying the partnership's inventory through her assets is valuable. However, she will not have the authority or responsibility to make business decisions or participate in the management of the antique business.