What is the most important difference between a limited partnership and a limited liability

partnership?

A) Limited partnerships are not a taxable entity, but limited liability partnerships are a
taxable entity.
B) There must be one partner with unlimited liability in a limited liability partnership, but
not in a limited partnership.
C) There is a maximum number of partners permitted in a limited partnership, but not in a
limited liability partnership.
D) There must be one partner with unlimited liability in a limited partnership, but not in a
limited liability partnership.


D

Business

You might also like to view...

What of the following is an argument often made against the fair trade system?

a. It is too easy to use fair trade to enrich developed country producers. b. It shows favoritism to the least developed countries. c. It lacks proper focus on environmental protection. d. It ignores regional differences in pricing.

Business

Social media users can post trademarked images or copyrights materials without infringing the owners' rights, even if it is done without permission

a. True b. False Indicate whether the statement is true or false

Business

The human body is an example of a(n) ________ because it requires life-sustaining oxygen, nutrients, and water from the environment.

A. hierarchy B. learning system C. open system D. closed system E. flat organization

Business

If there is more than one possible choice for the primary key, and one of the possibilities is chosen to be the primary key. What are the others called?

A. canceled keys B. alternate keys C. nonkey attributes D. contributory keys

Business