Multiple Choice
Which of the following would most likely be a requirement of provincial legislation with respect to a limited liability partnership?
A) liability insurance to compensate victims for loss
B) the use of "limited partnership" or "LP" in the firm name
C) a business licence in the partnership name
D) access to partners' personal assets to satisfy claims
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Briefly discuss the advantages and disadvantages of
Q27: One of the advantages of being a
Q28: Nancie is a shareholder in BlueSky Investments
Q29: What is a distinguishing characteristic of a
Q30: Which of the following is a distinguishing
Q32: The profits and losses in a sole
Q33: Voyageur Enterprises Inc.will continue in existence perpetually
Q34: Why is an owner's choice of the
Q35: What is the most likely reason,from a
Q36: Which term is "partners" synonymous with regarding