Question: For A, B, and C answer the questions as the questions relate to a limited partnership and as to a limited liability company. A. Provide

For A, B, and C answer the questions as the questions relate to a limited partnership and as to a limited liability company.

A. Provide a general description of management and control in each of the above two referenced entities.

B. Provide a general description of how profits and losses are allocated in each of the above two referenced entities.

C. Provide a general description of transfer of interests or admission of new partners or members in each of the above two referenced entities.

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