Many professional service partnerships have adopted the LLP form primarily because it
A)limits legal liability.
B)limits the number of members.
C)allows for the transfer of partners' interests.
D)assures the continuity of life.

Question

Quizplus · Accepted Answer

LLP form limits the legal liability of the partners, which is the primary reason for many professional service partnerships to adopt this form.

Many Professional Service Partnerships Have Adopted the LLP Form Primarily