
Which of the following statements about limited partnership is correct?
A) Limited partnership is a very popular form of business organization.
B) Limited partners have the right to manage the business.
C) General partners are personally liable.
D) All of the above.
Correct Answer:
Verified
Q4: Lee and Jan are debating whether to
Q7: Generally,a joint venture is a partnership created
Q11: A partnership is not a separate,taxable entity.
Q15: No filings are required by a limited
Q15: Limited liability is a major advantage of
Q16: The most common form of business ownership
Q16: The case of Apcar v.Gaus illustrates that
Q18: The Uniform Limited Liability Company Act has
Q21: The process of paying all debts of
Q36: The business form that is taxed as
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