Which of the Following Is Not Required to Be Included

question 119

Multiple Choice

Which of the following is not required to be included in a certificate of limited partnership?

• A) the general character of the business
• B) the amount of capital contributed by each partner
• C) the name and business address of each limited and general partner
• D) the portion of profits to be distributed to each limited and general partner
• E) the latest date on which the limited partnership is to dissolve

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service.

Sales

The exchange of a commodity for money; the action of selling something.

Classified Ads

Short advertisements placed in a newspaper, magazine, or online, usually categorized by topic, such as jobs, real estate, and services.

Flat Fee

A pricing structure where a single fixed rate is charged for a service, regardless of usage or time required.