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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