Asked by Marissa Gonçalves on May 10, 2024

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A certificate of limited partnership must contain the:

A) partners' shares of profits.
B) signature of each general partner.
C) names of the limited partners.
D) capital contributions of the general partners.

Certificate of Limited Partnership

A legal document filed with a state authority that establishes the existence of a limited partnership and includes key details about its structure and operation.

General Partner

A member of a partnership who has management duties and unlimited personal liability for the partnership's debts and obligations.

Capital Contributions

Funds or assets introduced into a firm or partnership by its owners or partners to support the organization's operations, finance its activities, or expand its assets.

  • Comprehend the fundamental principles and legal structure characterizing limited partnerships and Limited Liability Limited Partnerships (LLLPs).
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Vincent PatturelliMay 16, 2024
Final Answer :
B
Explanation :
A limited partnership certificate must contain the signature of each general partner.The certificate is not required to address many other matters that are essential to the limited partnership,such as the limited partners' names,the partners' capital contributions,the partners' shares of profits and other distributions,or the acts that cause a dissolution of the limited partnership.