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Which of the following require(s) a formal filing to be recognized as a valid business entity? A) all business entities B) a limited partnershipC) a general partnershipD) a sole proprietorship
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Which of the following require(s) a formal filing to be recognized as a valid business entity? A) all business entities B) a limited partnershipC) a general partnershipD) a sole proprietorship

User Mlrawlings
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1 Answer

1 vote

Answer:

The correct answer is letter "B": a limited partnership.

Step-by-step explanation:

A Limited Partnership involves two or more partners conducting business but one is only liable for his capital investment. They are also called silent partnerships or Limited Liability Partnerships (LLPs). Limited partnerships are governed mostly by the U.S. states and require filing in front of the Secretary of State so it can be recognized as a business.

User JiminP
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