Which of the following is false regarding a limited partnership?
A) There must be at least one general partner.
B) There must be at least two limited partners.
C) The partnership must use the word "limited" in its title.
D) The parties must file a certificate of partnership with a state office to create it.
E) If a limited partner dies, the limited partnership is usually unaffected.

Question

Quizplus · Accepted Answer

A limited partnership is a partnership consisting of one general partner and at least one limited partner who does not have any part in the management of the business.

Which of the Following Is False Regarding a Limited Partnership