Multiple Choice
Huong is opening an international food store. Though her products will span the globe, she wants to focus on 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. It's apparent Huong 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.
Correct Answer:

Verified
Correct Answer:
Verified
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