A limited partnership is different from a general partnership because:
A) a limited partnership can have only two people in active management
B) there are limits to annual capital gains in limited partnership
C) all partners in a limited partnership must actively participate in major managerial decisions
D) a limited partnership may have only one general partner
E) none of the other choices
Correct Answer:
Verified
Q235: A business organization made up of two
Q236: Which of the following are not required
Q237: The dissolution of a partnership occurs:
A) when
Q238: Which of the following must be contained
Q239: Dissolution of a partnership takes place, unless
Q241: In general, limited partners lose their limited
Q242: In a limited partnership the _ are
Q243: In a limited partnership the _ are
Q244: Limited partners are investors who:
A) may not
Q245: Limited partners are investors who:
A) must have
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