Which of the following statements is correct concerning the similarities between a limited partnership and a corporation?
Question:
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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Related Book For
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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