Which of the Following Statements About a Limited Partnership Is

question 25

Multiple Choice

Which of the following statements about a limited partnership is CORRECT?

• A) Registration of a limited partnership is not required.
• B) A limited partner has unlimited liability if that partner fails to make a required equity contribution.
• C) Limited partnerships must have at least one limited partner and at least two general partners.
• D) The designated limited partner can manage the partnership at any time.
• E) Any limited partner who takes an active part in the management of the partnership incurs unlimited liability.

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