Multiple Choice
Which of the following is a distinguishing feature of a limited liability partnership?
A) It is a form of business that is not yet available in Canada.
B) Its partners are shareholders.
C) It is intended to address the concerns of professionals who are not permitted to form corporations.
D) The liability of some of the partners is limited to their capital contribution.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: A sole proprietorship,a partnership,and a corporation may
Q35: What is the most likely reason,from a
Q39: Which of the following will be most
Q41: What is the legal outcome when one
Q46: The duration of existence of a proprietorship
Q65: Which of the following would be considered
Q66: How does the principle of limited liability
Q70: Which of the following statements best describes
Q71: Which of the following will result in
Q71: Ellayne manages a busy law practice as