Which of the following statements is correct concerning the similarities between a limited partnership and a corporation?

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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 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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Anderson's Business Law And The Legal Environment

ISBN: 9780324638189

20th Edition

Authors: David P Twomey, Marianne M Jennings, Ivan Fox

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