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Which One of the Following Statements Is True

Question 23

Multiple Choice

Which one of the following statements is true?


A) Limited partnerships are no more costly to form than sole proprietorships.
B) Like a corporation, an LLC provides limited liability for the people who make the business decisions in the firm while enabling all investors to retain the tax advantages of a limited partnership.
C) The lives of partnerships and LLCs are not flexible.
D) Limited partners and LLCs are more constrained than general partnerships because they can raise money only from limited partners or "members."

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