Which of the following is a characteristic of a limited-liability partnership (LLP) ?
A) One partner cannot be held responsible for the inappropriate actions of another partner.
B) Partners' personal liability is limited to the amount they have invested in the business.
C) Each partner is liable for the actions of all other partners.
D) As a separate legal entity,the partnership must pay taxes on income.
Correct Answer:
Verified
Q66: Investors read the Independent Auditors' Opinion because.
A)they
Q67: The Report of the Independent Auditor is
Q68: Which of the following is a characteristic
Q69: Which of the following statements is true?
A)Before
Q70: Which of the following is not a
Q72: Which of the following is a characteristic
Q73: One of the following is not one
Q74: The Debt to Equity Ratio is measure
Q75: The cash held by a company at
Q76: For information to be useful,it must be
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