Ron is a limited partner and steve is a general partner of


Question - Ron is a limited partner, and Steve is a general partner of Total Financial Management, a limited partnership. Steve manages the firm. Ron has some expertise in the area and believes that he could do a better job than Steve at managing, but he abstains from becoming actively involved. Why might Ron choose to keep away from active management activities?

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Accounting Basics: Ron is a limited partner and steve is a general partner of
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