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3. A business entity has the following nontax-related characteristics: 1. Certain owners have no management rights. 2. Death, bankruptcy, or withdrawal of certain owners does

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3. A business entity has the following nontax-related characteristics: 1. Certain owners have no management rights. 2. Death, bankruptcy, or withdrawal of certain owners does not dissolve the entity. 3. Formation of the entity requires public filing. 4. Capitalization is by the resources of owners. The entity with the foregoing characteristics is a a. Sole proprietorship. b. Limited partnership. I c. General partnership. d. Limited liability partnership. 4. The assignee of a partnership interest (limited or general) may become a limited partner if a. All partners agree. b. The limited partner becomes subject to a charging order. c. The assignee-limited partner becomes subject to all liabilities of the assignor. d. All of the answers are correct

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