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 partner has at least one partner who has unlimited liability for all of the partnership's debts consists solely of limited partners

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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

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

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