Which of the situations listed below would be an example of a limited liability partnership?
A) Harun and Ahmed mow lawns together, sharing equipment and expenses.They share the work equally.
B) Xi and Fung operate a delivery business.Xi handles the pickups and deliveries only, while Fung handles only the financial and accounting tasks.
C) Jordan and Chris have a landscaping business, with unequal involvement.Jordan works in the business full-time while Chris is involved half-time.
D) Sara, Morgan, and Sabina started an accounting practice.Sara and Morgan work actively as accountants.Sabina's involvement is as an investor in the firm only.
Correct Answer:
Verified
Q9: Complete the following sentence with the most
Q10: If you are in a business that
Q11: Which of the following is NOT a
Q12: Which of the following is (are)true about
Q13: A corporation's board of directors should first
Q15: Which of the following is an advantage
Q16: In reference to finance, how is wealth
Q17: Why are externalities a necessary consideration when
Q18: Lucy Vale and Bob Fama, both accountants,
Q19: The main purpose of creating a trust
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