Enron's offthebook financings consisted mostly of LLCs and LLPs.

Name: Enron's offthebook financings consisted mostly of LLCs and LLPs.
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Question

Enron's off­the­book financings consisted mostly of LLCs and LLPs.

Quizplus · Accepted Answer

Enron used a lot of LLCs (limited liability companies) and LLPs (limited liability partnerships) as part of its off-the-book financings, which were a major factor in its eventual collapse. These entities allowed Enron to keep debt, losses, and other liabilities off its balance sheet and made its financial position look much better than it actually was.

Enron's Off­the­book Financings Consisted Mostly of LLCs and LLPs

Enron's Offthebook Financings Consisted Mostly of LLCs and LLPs