Which of the following is a characteristic of a limitedpartnership?a. It allows one or more partners to have limited liability.b. It requires one or more of […]
Which one of the following categories of owners enjoys limitedliability? a. General partners in a limited partnership b.Shareholders (common stock) of a corporation c. Sole proprietors […]
In a limited partnership at least one general partner mustremain in the association; the privilege of limited liability stillapplies to this partner. True False