Multiple Choice
Which of the following statements is true of a limited liability partnership (LLP) ?
A) It does not need to distinguish between limited and general partners.
B) The amount of liability protection offered by LLPs varies among states.
C) All partners of an LLP cannot take an active role in management.
D) It is completely different from a limited partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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