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Question
A general partner in a limited partnership believes wrongly that an LLLP has been created. In such a case, which of the following will apply?
A. He will be considered a limited partner of the limited partnership.
B. He will lose his management powers over the limited partnership.
C. He will have to share profits equally with all other partners.
D. He will have unlimited liability for the obligations of the limited partnership.
Answer
This answer is hidden. It contains 148 characters.
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