Fern and Gray want to form a limited partnership to manage two restaurants: Café Latte and Delite Deli. In most states, a limited partnership will be created when

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In most states, a limited partnership is created when a certificate of limited partnership is filed with the state. This certificate includes information such as the name and address of the partnership, the name and address of each general and limited partner, and the amount of capital each partner has contributed. Filing the certificate is the first step in establishing the partnership as a legal entity.

Fern and Gray Want to Form a Limited Partnership to Manage