
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107
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
(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
a.
Has ownership interests that cannot b...
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
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