This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

KNOWLEDGE CHECK

Partnership taxation
Formation, transfers & termination

Back to all Knowledge Checks

Save this knowledge check

Check your knowledge on this topic

* Which statement about general versus limited partners is correct?

A limited partnership differs from a general partnership in that a limited partnership has limited partners that are not held personally liable for liabilities arising from partnership activities.

A general partnership has no limited partners.

All general partners may be held personally accountable for the liabilities of the partnership.

All of the above.

Back to All Assessments

KNOWLEDGE CHECK

Partnership taxation Formation, transfers & termination

Partnership taxation Formation, transfers & termination

Check your knowledge on this topic

Explore Topics

Partnership taxation
Formation, transfers & termination

Partnership taxation
Formation, transfers & termination