The Limited Partnership Act of 2001
A) assumes that all limited partnerships are limited liability limited partnerships.
B) does not permit limited liability limited partnerships.
C) provides for an easy election to form either a limited partnership or a limited liability limited partnership.
D) does not provide for the limited liability of general partners.
Correct Answer:
Verified
Q8: The number of limited liability partnerships in
Q9: Foreign limited liability partnerships generally do not
Q10: Partners of a limited liability partnership may
Q11: A disadvantage of doing a business as
Q12: State partnership laws generally have provisions
A) requiring
Q14: In most states, the same number of
Q15: In most states, limited liability partnerships are
Q16: Several states have adopted limited liability limited
Q17: Limited liability partnerships are formed when the
Q18: The statement of qualification to elect limited
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents