Asked by
Syed Aazam Jonaid
on Nov 21, 2024
Verified
What must the general and limited partners sign and file with a secretary state to receive limited liability?
A) Articles of partnership incorporation.
B) Partnership liability insurance.
C) Certificate of Intent to Be Partners.
D) Certificate of Limited Partnership.
E) There is no formal requirement for limited partners to sign.
Certificate of Limited Partnership
A legal document that formalizes the establishment of a limited partnership and outlines its terms.
Limited Liability
A legal structure where a company's owners are protected from personal responsibility for its debts or liabilities, beyond their investment in the company.
- Analyze the relevant regulations and acts that control partnerships.
- Explain the foundation and principles of limited partnerships.
Verified Answer
NS
Learning Objectives
- Analyze the relevant regulations and acts that control partnerships.
- Explain the foundation and principles of limited partnerships.
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