LLCs share characteristics in common with each of the following except:
A) general partnerships.
B) limited partnerships.
C) corporations.
D) sole proprietorships.
Correct Answer:
Verified
Q47: With regard to taxation, LLPs are treated
Q48: An LLC offers principals the same liability
Q49: LLPs are often currently used to protect
Q50: Formation of an LLC requires the filing
Q50: The origins of LLPs were rooted in
Q51: Though they may elect a different structure,
Q53: The first LLP legislation was enacted in
A)
Q55: Voting rights of LLC principals are governed
Q55: The ability to flow through to the
Q57: Burt has gone to a commercial bank
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