Question $36(1$ point$)$

A limited partnership can be formed with one general partner and one limited partner.

True

False

Question $37(1$ point$)$

One of the drawbacks to a sole proprietorship is that there is no one else to contribute expertise, knowledge, or capital to the business.

True

False

Question $38(1$ point$)$

In a properly formed limited partnership, limited liability applies to

neither general or limited partners.

both general and limited partners.

general partners only.

limited partners only.