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In a limited partnership: Multiple Choice A general partner is liable only for the amount he / she contributed to the partnership. Both general and
In a limited partnership: Multiple Choice A general partner is liable only for the amount heshe contributed to the partnership. Both general and limited partners are involved in the daily management of the firm. Only the limited partners are involved in the daily management of the firm. The income earned is taxed like a corporation. A limited partner is liable only for the amount heshe contributed to the partnership.
In a limited partnership:
Multiple Choice
A general partner is liable only for the amount heshe contributed to the partnership.
Both general and limited partners are involved in the daily management of the firm.
Only the limited partners are involved in the daily management of the firm.
The income earned is taxed like a corporation.
A limited partner is liable only for the amount heshe contributed to the partnership.
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