Each limited partner in a limited partnership has all of the following rights and benefits, except:
A) A share of the profits.
B) The right to sue the general partner to protect the limited partners' interest.
C) The right to manage the limited partnership.
D) The right to vote on dissolution of the limited partnership.
Correct Answer:
Verified
Q19: A limited partner can never lose money.
Q20: The general partner of a limited partnership
Q21: An LLC is a legal entity with
Q22: When no LP certificate is filed, what
Q23: Managers of an LLC have the same
Q25: The dissolution and winding up of a
Q26: The partners who manage the limited partnership
Q27: LLC promoters can 'shake hands' and form
Q28: An LLC may be managed directly by
Q29: An LLC may be formed without filing
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