Dan and Eve are accountants who work together. Dan and Eve can limit their potential liability for each other's misconduct by organizing their business as

Question

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Both a limited liability partnership (LLP) and a professional corporation (PC) offer protection against personal liability for each partner's actions or misconduct. An LLP is a type of partnership where each partner is not personally liable for the actions and debts of the other partners. A PC, on the other hand, limits the personal liability of its shareholders to the amount of their investment in the corporation. Both options provide a way for Dan and Eve to limit their potential liability for each other's misconduct. Therefore, the best choice(s) would be either a LLP or PC.

Dan and Eve Are Accountants Who Work Together