Which of the following statements is correct with respect to the differences and similarities between a corporation and a limited partnership?
- Stockholders may be entitled to vote on corporate matters but limited partners are prohibited from voting on any partnership matters.
- Stock of a corporation may be subject to the registration requirements of the federal securities laws but limited partnership interests are automatically exempt from those requirements.
- Directors owe fiduciary duties to the corporation and limited partners owe such duties to the partnership.
- A corporation and a limited partnership may be created only under a state statute and each must file a copy of its organizational document with the proper governmental body.