Which form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally?
A) Limited liability partnership
B) Limited liability company
C) Sole proprietorship
D) Professional corporation
Correct Answer:
Verified
Q20: A major disadvantage of partnerships is that
Q21: In a partnership form of organization,income tax
Q22: The separation of ownership and management is
Q23: Unlimited liability is faced by the owners
Q24: Which one of these is a disadvantage
Q26: Which one of the following would correctly
Q27: When a corporation fails,the maximum that can
Q28: A board of directors is elected as
Q29: The legal "life" of a corporation is:
A)
Q30: "Double taxation" refers to:
A) all partners paying
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