Jim and Rhonda are owners of a local car detailing service. Jim runs the day to day operations in the business, while Rhonda primarily provided capital when the business started. What type of partnership do they have?

Jim and Rhonda have established a Limited Partnership business, where the active partner oversees the daily business runnings and the limited partner only invest capital into the business. Jim is the active partner while Rhonda is the passive partner in their Limited Partnership business.

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Jim and Rhonda are owners of a local car detailing service. Jim runs the day to day operations in the​ business, while Rhonda primarily provided capital when the business started. What type of partnership do they​ have?

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Jim and Rhonda are owners of a local car detailing service. Jim runs the day to day operations in the business, while Rhonda primarily provided capital when the business started. What type of partnership do they have?