Howe, Hardy, and Harkins, a law firm in Alberta, decides to register as a limited liability partnership. Which of the following is TRUE?
A) Such an entity is not permitted.
B) Henceforth, the firm will refer to itself as Howe, Hardy, and Harkins, LLP.
C) Howe will continue to be liable for the negligence of Hardy and Harkins.
D) Once the limited liability partnership is registered, Howe will not be liable for the negligence of Hardy and Harkins.
E) Both B and D.
Correct Answer:
Verified
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