In general, which of the following statements is true with respect to a limited partnership?

A. A limited partner has the right to obtain from the general partner(s) financial information and tax returns of the limited partnership.
B. A limited partnership can be formed with limited liability for all partners.
C. A limited partner may not also be a general partner at the same time.
D. A limited partner may hire employees on behalf of the partnership.

Answer: A. A limited partner has the right to obtain from the general partner(s) financial information and tax returns of the limited partnership.

Business

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