2 Points
Which of the following describes an important difference between general
partnerships and limited partnerships?
O
A. Shares in a general partnership can be purchases anywhere while
shares in a limited partnership can only be purchased through a
stock exchange.
B. A general partnership has stockholders while a limited partnership
has a small group of investors,
O
C. There are a maximum of three partners in a limited partnership
while a general partnership can have any number of partners,
D. A general partnership has unlimited liability for all partners while a
limited partnership has limited liability,