Which One of the Following Is Not True About Partnerships

question 58

Multiple Choice

Which one of the following is not true about partnerships?

• A)There must be two or more owners.
• B)General partners assume more risk of legal liability than limited partners.
• C)An LLC limits certain liability risks.
• D)A partnership is taxed like a corporation.
• E)All of the above are true.

---

Definitions:

Dedicated Infrastructure

Infrastructure exclusively allocated to a single organization or project, focusing on specific operational requirements.

Communication Structure

The framework within a project or organization that outlines the methods and protocols for information exchange among stakeholders.

Existing

Something that currently exists or is present in the current state or condition.

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something.