Solved

General Partnerships Are Similar to Limited Partnerships in That

Question 42

Multiple Choice

General partnerships are similar to limited partnerships in that:


A) both don't require government permission to be set up.
B) both dissolve when their respective partnership mix changes.
C) both impose double taxation of income and business to individual partners.
D) both must have at least one general partner and one limited partner.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents