Partnerships refer to more than one owner. The difference between a general partnership and a limited partnership is a ______________.
a. general partnership is a shadow firm for a much larger corporation. It is like a shell company to dispose of risky assetsb. limited partnership consists of general partners and limited partners, at least one of eachc. limited partnership is taxed similar to a corporation, whereas a general partnership is taxed like a sole proprietorshipd. limited partnership is limited by the number of partners allowed. There can only be a total of 10 partners actively involved in the business