In a limited partnership
A) a limited partner must be willing to invest money knowing that he or she will have limited control.
B) disagreements may develop between the general partner and the limited partners.
C) a limited partnership will need more legal documents than a general partnership.
D) all of the above.
Correct Answer:
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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
Q26: In limited partnerships
A) the limited partners have
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
Q32: Ownership in a corporation is documented by
A)
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