Which of the Following Is a Characteristic of a Limited

question 78

Multiple Choice

Which of the following is a characteristic of a limited liability partnership (LLP) ?

• A) A limited liability partnership issues shares of stock to shareholders.
• B) Each partner is liable only for the actions under his or her control.
• C) A limited liability partnership is owned by a single investor.
• D) The limited liability partners are subject to "double taxation."

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