Which of the following statements about a limited partnership is CORRECT?
A) Registration of a limited partnership is not required.
B) A limited partner has unlimited liability if that partner fails to make a required equity contribution.
C) Limited partnerships must have at least one limited partner and at least two general partners.
D) The designated limited partner can manage the partnership at any time.
E) Any limited partner who takes an active part in the management of the partnership incurs unlimited liability.
Correct Answer:
Verified
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