The primary reason to choose the limited liability limited partnership instead of a limited partnership as a form of business is to:
A) create a tax shelter for the partners.
B) raise large amounts of capital.
C) limit the liability of all of its general partners.
D) relieve owners from managing the business.
Correct Answer:
Verified
Q52: Carol is the only general partner in
Q53: A dissociated limited partner:
A)retains his right to
Q54: Terrance and Barbara created a limited partnership,but
Q55: A certificate of limited partnership must contain
Q56: The limited partnership agreement of Davos Limited
Q58: Under the default rules of the ULPA,a
Q59: Who is liable for the acts of
Q60: Under the ULPA of 2001,a limited partner
Q61: Under the ULPA,if two general partners contribute
Q62: The ULPA and the RULLCA permit limited
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