Which of the following is true when a general partnership is converted to an LLC?

Which of the following is true when a general partnership is converted to an LLC?

A. The property must be sold to a third party who then immediately sells it to the LLC.

B. The conversion can be made retroactive for up to 2 years.

C. The profit-and-loss sharing terms must remain the same as they were in the partnership.

D. The members will retain unlimited personal liability for obligations incurred while the business was a partnership.

E. The LLC will not be liable for obligations of the partnership.