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M Hasan
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Experience:  BA (Hons) in Mathematics from Oxford University
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Which of the following statements is correct with respect to

Customer Question

Which of the following statements is correct with respect to the differences and similarities between a corporation and a limited partnership?

A. Directors owe fiduciary duties to the corporation and limited partners owe such duties to the partnership.
B. A corporation and a limited partnership may be created only pursuant to a state statute and a copy of its organizational document must be filed with the proper state agency.
C. Shareholders may be entitled to vote on corporate matters whereas limited partners are prohibited from voting on any partnership matters.
D. Stock of a corporation may be subject to the federal securities laws registration requirements whereas limited partnership interests are automatically exempt from such requirements.
Submitted: 5 years ago.
Category: Homework
Expert:  M Hasan replied 5 years ago.

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