Examlex
Which of the following statements is TRUE?
Limited Liability Partnership (LLP)
A limited liability partnership combines the limited liability advantage of a corporation with the tax advantages of a partnership.
General Partnership
A business arrangement where two or more individuals share ownership, as well as the profits, liabilities, and management duties.
Hedge Funds
Hedge funds are investment funds that employ various strategies to earn active returns for their investors, often engaging in leveraged, long, short, and derivative positions.
Private Equity Funds
Investment funds that gather capital from wealthy individuals or institutions to invest in buying and reorganizing private companies.
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