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Other Fields Homework Help Management Topic started by: WXWP on Aug 10, 2017



Title: Which of the following is not true of a limited liability partnership?
Post by: WXWP on Aug 10, 2017
Which of the following is not true of a limited liability partnership?
A) All partners are limited partners.
B) Most states restrict this form of ownership to certain types of professions such as attorneys, physicians, dentists, accountants, etc.
C) Although LLPs have many of the characteristics of partnerships, they are taxed as a corporation.
D) It must involve a general partner, a limited partner, a silent partner, and a dormant partner.


Title: Re: Which of the following is not true of a limited liability partnership?
Post by: Mualo on Aug 10, 2017
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