Del and Efron want to form a limited partnership to do general business bookkeeping with an emphasis on tax accounting. In most states, a limited partnership will be created when Del and Efron
A)file a certificate of limited partnership.
B)execute a partnership agreement.
C)accept their first client.
D)make their capital contributions.

Question

Quizplus · Accepted Answer

In most states, a limited partnership is officially created when the partners file a certificate of limited partnership with the appropriate state authority. This is a legal requirement for establishing the partnership's existence and distinguishing it from other types of partnerships, such as general partnerships.

Del and Efron Want to Form a Limited Partnership to Do