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A limited partnership: Multiple Choice has an unlimited life. can opt to be taxed as a corporation. terminates at the death of any one limited

A limited partnership:

Multiple Choice

  • has an unlimited life.

  • can opt to be taxed as a corporation.

  • terminates at the death of any one limited partner.

  • has at least one partner who has unlimited liability for all of the partnership's debts.

  • consists solely of limited partners.

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