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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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