expand icon
book Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson cover

Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

Edition 4ISBN: 978-1133709107
book Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson cover

Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

Edition 4ISBN: 978-1133709107
Exercise 10
A limited liability partnership:
(a) Has ownership interests that cannot be transferred
(b) Protects the partners from liability for the debts of the partnership
(c) Must pay taxes on its income
(d) Requires no formal steps for its creation
(e) Permits a limited number of partners
Explanation
Verified
like image
like image

a.
Has ownership interests that cannot b...

close menu
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
cross icon