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6 June, 07:03

A limited partnership: Multiple Choice May only have two partners. Has owners called stockholders. Includes a general partner with unlimited liability. Is the same as a corporation. Is subject to double taxation.

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  1. 6 June, 08:41
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    Is the same as a corporation.

    Explanation:

    The partnership is a firm in which there are two or more partners comes in a contract to share the profit and losses to their profit and losses sharing ratio

    A limited partnership is a partnership firm in which the partners have limited liability to their investment but the general partner has unlimited liability

    It is just like a corporation who contains limited partners with the limited liability
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