When no LP certificate is filed, what is the result?
A) Only limited partners are fully liable.
B) Only general partners are fully liable.
C) Limited partners retain their limited liability.
D) Both general and limited partners are fully liable.

Question

Quizplus · Accepted Answer

Without an LP certificate, the partnership is not recognized as a limited partnership, making both general and limited partners fully liable.

When No LP Certificate Is Filed, What Is the Result