Final answer:
False, The transferability of interest in a limited partnership is not as easy as the statement suggests, due to the need for consent from other partners and the potential exposure to previous debts and obligations.
Step-by-step explanation:
The statement "Transferability of interest is easiest in a limited partnership" is false. While a limited partnership does provide benefits such as limiting a partner's personal liability to their investment in the company, the transfer of interest in a limited partnership may require the consent of the other partners and is often not as straightforward as in corporations where shares can be sold without such constraints. In a general partnership, although the concept of shared responsibility exists, the personal liability and the responsibilities for each other's actions make the transferability of interest complex, potentially exposing new partners to previous debts and obligations.