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A limited partnership: Multiple Choice has an unlimited life. can opt to be taxed as a corporation. terminates at the death of any one limited
A limited partnership:
Multiple Choice
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has an unlimited life.
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can opt to be taxed as a corporation.
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terminates at the death of any one limited partner.
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has at least one partner who has unlimited liability for all of the partnership's debts.
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consists solely of limited partners.
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