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.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Define a joint venture and set forth
Q17: [Cookie Problems] Rashi makes great chocolate chip
Q18: _ adopted the limited liability company model
Q19: [Daria's Bakery] Daria decided to open her
Q20: Which statement is true regarding S corporations?<br>A)
Q22: [Car Repair] Gordon and Leo are partners
Q23: [Car Repair] Gordon and Leo are partners
Q24: [R&R Landscaping, LLC] R&R Landscaping, LLC, is
Q25: _ are responsible for running the day-to-day
Q26: What is the term used for the