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Which of the Following Statements Is Correct About the Requirements

Question 21

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 execute a Partnership Agreement.
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, the parties must execute a Partnership Agreement, and the parties must file a form with the secretary of the state.
D) 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.
E) The parties only need to file a form with the secretary of the state.

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