In limited partnerships
A) the limited partners have unlimited liability.
B) the limited partners take an active role in daily management.
C) there must be at least one general partner.
D) the limited partners may not sell their ownership in the company.
Correct Answer:
Verified
Q21: Disadvantages of proprietorships include
A) unlimited liability.
B) the
Q22: The biggest disadvantage of a sole proprietorship
Q23: There are two common forms of partnerships-
A)
Q24: General partners
A) have unlimited liability.
B) are liable
Q25: Which of the following is FALSE?
A) General
Q27: In a limited partnership
A) a limited partner
Q28: Of the following, the least common form
Q29: A certificate of limited partnership is filed
Q30: Before forming a partnership, the partners should
Q31: For a partnership, buy/sell pricing refers to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents