A) LLPs were created by the Texas legislature to provide limited protection to general partners. G) LLPs were created by the Texas legislature to provide limited protection to general partners. H) LLPs were created by the Texas legislature to provide limited protection to general partners. I) LLPs were created by the Texas legislature to provide limited protection to general partners.

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LLPs Were Created to

Question 51

Multiple Choice

LLPs were created to

A) limit the taxation burdens existing in LLCs.
B) ease the costs and filing requirements present with LLCs.
C) provide limited protection for general partners, increasing the protection offered by LLCs.
D) increase the duration of the business entity permitted under LLC statutes.

Correct Answer: