Which of the following is true when a general partnership

Which of the following is true when a general partnership

Which of the following is true when a generalpartnership is converted to an LLC?A. The members willretain unlimited personal liability for obligations incurred whilethe business was a partnership.B. The profit and loss sharing terms must remain the same as theywere in the partnership.C. The conversion can be made retroactive for up to two years.D. The property must be sold to a third party who then immediatelysells it to the LLC.


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