Question

A certificate of limited partnership would normally contain which of the following?

I. Information concerning future contributions by limited partners.
II. The manner in which new partners may be added.
III. The arrangement for sharing profits.
IV. Definition of the general partner's role in the venture.

(A) I and II
(B) III and IV
(C) I, II and IV
(D) All

Answer 1

Answer: The correct option is (D)

Step-by-step explanation:

The certificate of limited partnership would normally contain

I.) Information concerning future contributions by limited partners.

II.) The manner in which new partners may be added.

III.) The arrangement for sharing profits.

IV.) Definition of the general partner's role in the venture.

V.) The name of the limited partnership.