Which of the Following Statements Is Correct About the Requirements

question 60

Multiple Choice

Which of the following statements is correct about the requirements of an LLP?

• A)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must file a form with the secretary of the state.
• B)The parties must execute a Partnership Agreement identifying itself with the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must file a form with the secretary of the state.
• C)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must execute a Partnership Agreement.
• D)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,the parties must execute a Partnership Agreement,and the parties must file a form with the secretary of the state.
• E)The parties only need to file a form with the secretary of the state.