Which of the following is a characteristic of a limited partnership? - 4114

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Which of the following is a characteristic of a limited partnership? 

a. It allows one or more partners to have limited liability. 

b. It requires one or more of the partners to be a general partner to whom the privilege of limited liability does not apply. 

c. It prohibits the limited partners from participating in the management of the partnership. 

d. all of the above. 

 
Solution Description

Which of the following is a characteristic of a limited partnership? <