The Major Features of an LLP Are That It Limits

question 6

Multiple Choice

The major features of an LLP are that it limits the personal liability of the partners and

• A)it allows the partnership to continue as a pass-through tax entity.
• B)LLP statutes do not vary from state to state.
• C)it can only do business in the state in which it was formed.
• D)only a few states have enacted LLP statutes.

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Definitions:

Ventromedial

Referring to a position towards the bottom and middle of a structure or an organ, often used in neuroscience to describe a part of the brain.

Lateral

Pertaining to the side; often used to describe structures that are situated on, toward, or relating to the side of an organ or body.

Lesioning

Lesioning is a technique used in neuroscience and research to study brain functions by selectively damaging specific areas and observing the effects.

Meal Reduction

The practice of reducing the size or frequency of meals for reasons such as dieting, fasting, or managing food intake for health.