As with general partnerships, the general partner in a limited partnership is not usually salaried.
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Q16: The control of the limited partnership is
Q17: Corporations are frequently the general partner in
Q18: The first step in the termination of
Q19: The owners of S corporation have limited
Q20: As per the Uniform Limited Partnership Act
Q22: ULPA-2001 abolishes the "control rule" and allows
Q23: A limited partner can withdraw from the
Q24: The great disadvantage of the LLC is
Q25: Limited liability companies are the entity of
Q26: The LP is almost always a "mere
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