Your Friend Erik Has Just Bought into a Partnership of Graphic

Your friend Erik has just bought into a partnership of graphic designers.He is very pleased about his new career move and is keen to discuss it with you.In the course of conversation, he makes the following comments, only one of which is correct:

A) 'Paul, one of the other new partners, told me that partners don't pay any tax on their earnings from a partnership.Isn't that brilliant?'
B) 'I'm entitled to take cash out of the business for my own personal use - the technical term for this, apparently, is drawings'.
C) 'As a partner, I'm both a shareholder and director of the business'.
D) 'I'm not worried about liability because these days a partnership is just another name for a limited liability company'.