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Which of the following statements is correct concerning the similarities between a limited partnership and a corporation? a.Each is created under a statute and must
Which of the following statements is correct concerning the similarities between a limited partnership and a corporation?
- a.Each is created under a statute and must file a copy of its certificate with the proper state authorities.
- b.All corporate stockholders and all partners in a limited partnership have limited liability.
- c.Both are recognized for federal income tax purposes as taxable entities.
- d.Both are allowed statutorily to have perpetual existence.
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