All partnerships must have:
A)at least three limited partners.
B)no dormant partners.
C)at least one general partner.
D)at least one silent or money partner.

Question

Quizplus · Accepted Answer

All partnerships must have at least one general partner who has unlimited liability and is actively involved in the management of the partnership. While there may be limited partners, dormant partners, or silent/money partners in a partnership, they are not mandatory for a partnership to exist.

All Partnerships Must Have