Which of the following describes an important difference between general
partnerships and limited partnerships?
o
a. a general partnership has unlimited liability for all partners while a
limited partnership has limited liability.
o
b. shares in a general partnership can be purchases anywhere while
shares in a limited partnership can only be purchased through a
stock exchange.
o
c. a general partnership has stockholders while a limited partnership
has a small group of investors.
o
d. there are a maximum of three partners in a limited partnership
while a general partnership can have any number of partners.