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Author Question: Many professional service partnerships have adopted the LLP form primarily because it (Read 120 times)

jenna1

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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.


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Marked as best answer by jenna1 on Sep 13, 2020

Ksanderson1296

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