A valid limited partnership
A. Cannot be treated as an "association" for federal income tax purposes.
B. May have an unlimited number of partners.
C. Is exempt from all Securities and Exchange Commission regulations.
D. Must designate in its certificate the name, address, and capital contribution of each general partner and each limited partner.
Answer: B. May have an unlimited number of partners.
Business
You might also like to view...
A bank money order
A) may be used in place of personal check for transactions. B) is similar to a postal money order. C) may be obtained from a bank. D) All of the above.
Business
What type of utility is practiced by those companies who allow marketers to have a voice in product design and identifying features customers want?
A) Time B) Possession C) Form utility D) Value E) Place
Business