Which of the Following Is True in Respect of Limited

Multiple Choice

Which of the following is true in respect of limited liability partnerships (LLPs) ?

A) Historically, professionals have relied primarily on incorporation for carrying on business.
B) Provincial limited liability partnership legislation has been introduced in various jurisdictions across Canada.
C) Professionals are prohibited from operating under a limited liability partnership.
D) The main advantage to those carrying on business as an LLP is that potential liability is limited for torts, for breach contract, and for breach of trust.
E) Unlike limited partners, those operating through LLPs are not burdened with limitations with respect to naming, registration, or other requirements.