Fern and Gray want to form a limited partnership to manage two restaurants: Café Latte and Deli Delite. In most states, a limited partnership will be created when
A) a certificate of limited partnership is filed.
B) a partnership agreement is executed.
C) the business for which the firm is formed actually begins.
D) the partners make their capital contributions.

Question

Quizplus · Accepted Answer

A limited partnership is typically created when a certificate of limited partnership is filed with the appropriate state authority.

Fern and Gray Want to Form a Limited Partnership to Manage