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Which of the following is not true of a limited liability partnership?

WXWP

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Which of the following is not true of a limited liability partnership?

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.

Textbook

Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management

Edition: 6^th

Author: Scarborough

Read 106 times

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