A limited partnership generally
A)has less of an ability to raise capital than a proprietorship.
B)has 10 or more limited partners and no general partners.
C)permits limited partners to sell their ownership interest without the partnership terminating.
D)is taxed the same as a corporation.
E)provides for the transfer of a general partner's ownership interest to any outside party.

Question

Quizplus · Accepted Answer

Limited partnerships allow limited partners to sell or transfer their ownership interest without causing the partnership to terminate, providing flexibility in ownership and investment.

A Limited Partnership Generally