Examlex
Which of the following statements is most accurate?
Transferable Interests
Transferable interests are the portions of ownership in a business entity that can be transferred or sold from one owner to another.
Limited Partners
Limited partners are investors in a partnership with limited liability to the debts of the partnership, and whose involvement in management is restricted by law.
General Partner
An owner of a partnership who has unlimited personal liability for the debts and obligations of the partnership.
Limited Liability Limited Partnership
A form of partnership that offers limited liability to some partners (limited partners) and allows others (general partners) to operate the partnership with limited liability as well.
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