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General partners have unlimited liability with respect to partnership debt if the partnership goes out of business and is unable to pay its debt. Conversely, a limited partner is only responsible for the amount he or she actually contributed to the partnership. Additionally, general partners manage partnership business - whercas limited partners are investor-types who receive returns on their investment (from profits) and are not involved in managing partnership business.

Assume Miranda Wrights and Mollie Cule, bicycle experts, decide to create a used linked business called Recede .They are interested in raising capital from investors who would be limited partners) seeking a return on their investment with no responsibility to pay unpaid partnership debt if the partnership fails. By attracting limited partner investors, Miranda and Mollie would have the operating capital to grow and manage the business as they see it without any involvement by the limited partners.

Question

Speaking on behalf of the partnership, what would you as Miranda say to investors invited to the facility to convince them to invest in the partnership as limited partners. Using examples of how you protect the partnership to be profitable. explain to the investors how you and Mollie managing the the business as general partners and the limited partner investors receiving an investment return is a win win for all concerned. Explain to the investors the liability protection they would have if the business is a bust.

Make sure that your answer is in the form of a hypothetical pitch made by Miranda to potential investors.

Make sure you address each point completely. 

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