Albert and Edward have just become lawyers and wish to set up a practice together.In order to best protect themselves,they should conduct the practice as a

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As newly-minted lawyers, Albert and Edward would want to protect themselves from any potential legal liabilities that may arise from their practice. A limited liability partnership (LLP) would be the best choice for them because it combines the limited liability protection of a corporation with the tax benefits of a partnership. This means that while they are protected from any debts or legal issues that arise from the practice, they will still be able to split the profits and losses of the business.

Albert and Edward Have Just Become Lawyers and Wish to Set