Which of the Following Statements Is True of a Limited

question 46

Multiple Choice

Which of the following statements is true of a limited liability partnership?

• A)It is taxed like a general partnership.
• B)No annual filings or fees are required.
• C)To bring a limited liability partnership into existence,the owners file articles of organization with the state.
• D)It is more like a limited liability company than a general partnership.

---

Definitions:

Employment Level

A measure of the number of people in a workforce who are currently employed.

Illegal Immigrants

Individuals who enter or reside in a country without the proper authorization or legal permission.

Domestic-Born Workers

Individuals born in the country where they are working, as opposed to workers who have migrated from other countries.

Legal Immigrant

An individual who has been granted authorization to live and often work in a country other than their country of nationality, through legal channels.