What are the three types of partnerships?
A) specific, general, and generic
B) general, unlimited, and general liability
C) general, limited, and limited liability
D) sole, general, and specific

Question

Quizplus · Accepted Answer

The three types of partnerships are general partnership, limited partnership, and limited liability partnership. Option A and D are incorrect as they do not list the correct types of partnerships. Option B is partially correct in listing general and general liability partnerships, but the third type listed, "unlimited," is not a type of partnership.

What Are the Three Types of Partnerships