LLPs were created to:
A) limit taxation burdens existing in LLCs.
B) ease the costs and filing requirements present with LLCs.
C) provide limited protections for general partners increasing protections offered by LLCs.
D) increase the duration of the business entity permitted under LLC statutes
Correct Answer:
Verified
Q44: Personal financial contributions may be required by
Q53: Carlos is a member of an LLC
Q54: In 1997,the IRS:
A) made LLCs more attractive
Q56: Which of the following requires the most
Q58: LLCs were originally created by the:
A) New
Q59: LLPs are formed with the filing of
Q60: Burt has gone to a commercial bank
Q61: Explain the following statement from the text."A
Q63: The Small Business Franchise Act provided franchisees
Q71: Which of the following would not generally
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents