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Maya Plans to Open a Shop Specializing in Foods and Cultural

Question 30

Multiple Choice

Maya plans to open a shop specializing in foods and cultural items from the Middle East.She wants to be the firm's only general partner,but she is trying to get several friends to participate as limited partners.Apparently Maya wants to:


A) Limit her personal liability to the amount she personally invests in the company.
B) Keep all of the firm's profits.
C) Obtain a strong financial base for the firm while maintaining personal control over the firm's management.
D) Meet the legal requirements of the Uniform Partnership Act.

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