Homework Clinic

Social Science Clinic => Accounting => Topic started by: jenna1 on Sep 13, 2020

Title: Many professional service partnerships have adopted the LLP form primarily because it
Post by: jenna1 on Sep 13, 2020

Question 1

Limited liability of partners or members is an advantage of all the following with the exception of
◦ LLP.
◦ LLC.
◦ limited partnerships.
◦ general partnerships.

Question 2

Many professional service partnerships have adopted the LLP form primarily because it
◦ limits legal liability.
◦ limits the number of members.
◦ allows for the transfer of partners' interests.
◦ assures the continuity of life.

Title: Many professional service partnerships have adopted the LLP form primarily because it
Post by: Ksanderson1296 on Sep 13, 2020

Answer 1

general partnerships.

Answer 2

limits legal liability.

Title: Re: Many professional service partnerships have adopted the LLP form primarily because it
Post by: Marian Powell on Dec 17, 2020

Ty