Asked by Marissa Gonçalves on May 10, 2024
Verified
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).
Verified Answer
Learning Objectives
- Comprehend the fundamental principles and legal structure characterizing limited partnerships and Limited Liability Limited Partnerships (LLLPs).
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