A General Partnership That, by Making the Statutorily Required Filing

question 55

Multiple Choice

A general partnership that, by making the statutorily required filing, limits the liability of its partners for some or all of the partnership's obligations is known as a:

• A) limited liability partnership.
• B) limited liability company.
• C) limited liability limited partnership.
• D) limited partnership.

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Definitions:

Nuclear Families

A family unit consisting of two parents and their children living together.

Stepfamilies

Families formed when at least one partner brings children from a previous relationship, blending families together.

Stepfathers

Men who are married to one's mother after the separation, divorce, or death of one's biological father, and who may have a step-parental role.

Stepchildren

Children of one's spouse from a previous relationship, to whom one is not biologically related.