An LLP Is Best Suited for What Type of Business

question 74

Multiple Choice

An LLP is best suited for what type of business?

• A)a business with more than two partners
• B)a sole owner who wants to guard against liability
• C)a professional practice, such as a legal or accounting group
• D)a company with less than 10 employees

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Definitions:

Equivalent Ratio

A proportion that demonstrates the equality between two ratios or fractions.

Ratio

A mathematical ratio defining how often one number is included in or includes another.

Unknown Quantity

A variable or value within a mathematical problem or equation that has not yet been determined or identified.

Proportion

A constituent, allotment, or figure regarded in context with its aggregate.