Multiple Choice
Which of the following is true about a corporation being a general partner in a limited partnership?
A) A corporation cannot be a general partner in a limited partnership.
B) A corporation can be a general partner in a limited partnership, but only if it is not the sole general partner.
C) A corporation can be a general partner in a limited partnership, but only if there is at least one other general partner.
D) A corporation can be a general partner in a limited partnership, even if it is the only general partner.
E) A corporation can be a general partner in a limited partnership, but only if another corporation is a limited partner.
Correct Answer:
Verified
Correct Answer:
Verified
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