Kalla Decided to Set Up a Limited Partnership

True/False

Kalla decided to set up a limited partnership.First, she incorporated KalCo Inc, a corporation of which she was the sole shareholder, director, and officer.She intends KalCo Inc to be the general partner.Her spouse, Roger, who will not be involved in the business in any way, will be the initial limited partner.She will try to find other investors willing to become limited partners.Kalla can create a limited partnership with this proposed structure.