Which item below is usually not a characteristic of a limited partnership?
A)They have limited investment appeal.
B)Loss-limitation rules of the tax code do not apply to them.
C)Partnership interests may be difficult to sell.
D)They have poor liquidity.

Question

Quizplus · Accepted Answer

Limited partnerships are typically subject to loss-limitation rules under the tax code. Therefore, option B is not a characteristic of a limited partnership. Options A, C, and D are characteristics commonly associated with limited partnerships.

Which Item Below Is Usually Not a Characteristic of a Limited