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 partners in a limited partnership can sell their ownership interest without causing the partnership to terminate, unlike general partners whose withdrawal can affect the partnership's continuity.

A Limited Partnership Generally