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At Oldies but Goodies, a store that buys and sells vintage record albums, there is only one general partner, Alexa. She spends all her time running the business and makes all the decisions. Alexa's mother and brother put up money for her to buy the store, but they work full time at other jobs and have no management say in the running of Oldies but Goodies; they, however, share in some of the profits. This is an example of a

Sagot :

Answer: limited partnership

Explanation:

A limited partnership is a form of partnership whereby there are two partners which are the general partner and the limited partner.

In this scenario, the general partner who is Alexa in this case, own and operate the business, and makes all the decisions while the limited partners

who are Alexi's mother and brothers invest in the business but won't make any decisions. Also, the general partner will have an unlimited liability.

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