Many Professional Service Partnerships Have Adopted the LLP Form Primarily

question 47

Multiple Choice

Many professional service partnerships have adopted the LLP form primarily because it

• A)limits legal liability.
• B)limits the number of members.
• C)allows for the transfer of partners' interests.
• D)assures the continuity of life.

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Definitions:

Fair Housing Act

United States legislation that prohibits discrimination in the sale, rental, and financing of dwellings based on race, color, religion, sex, or national origin.

Sexual Orientation

An individual's emotional, romantic, or sexual attraction to others.

Discrimination

Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, sex, or disability.

Tenancy Termination

Refers to the legal process or conditions under which a rental agreement between a tenant and landlord is ended.