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Author Question: Which of the following statements is correct with respect to limited partnerships? (Read 117 times)

javeds

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on: Aug 7, 2021
Which of the following statements is correct with respect to limited partnerships?
◦ There can be no limited partnerships in Canada. If limited liability is desired, a corporation must be created.
◦ A limited partner is totally protected and can lose no money.
◦ A limited partnership is created where all partners state in the partnership agreement that they will not be responsible for debts arising out of the partnership business and register as such with the government.
◦ There can only be one limited partner in any partnership, no matter how many partners are involved.
◦ A limited partner can lose his status as a limited partner if he participates in the management of the business.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by javeds on Aug 7, 2021

ciecieme

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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javeds

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Reply 2 on: Aug 7, 2021
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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