Which of the Following Statements Regarding Limited Partnerships Is False

question 6

Multiple Choice

Which of the following statements regarding limited partnerships is false?

• A)A limited partnership is typically easier to establish and maintain than a corporation.
• B)Passive investors are permitted limited liability.
• C)The general partner must have complete responsibility of all management decisions.
• D)The absence of double taxation increases the chance of providing high rates of return to investors.

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