What is the effect of having a corporation as the general partner of a limited partnership?
a. The limited liability of the corporation will result in the limited partners having greater liability than they would otherwise.
b. Each shareholder of the corporation will be treated as a limited partner of the limited partnership
c. Each shareholder of the corporation will be treated as a general partner of the limited partnership
d. The liability of the corporate general partner will be limited to the amount of its assets.