Different forms of businesses have different characteristics

Question # 00767324 Posted By: TYRONE Updated on: 06/25/2020 09:16 AM Due on: 07/02/2020
Subject Finance Topic Finance Tutorials:
Question
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Different forms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership? (Check all that apply) LLPs are not suitable for professional firms like accounting, law, and architecture Owned by single individual Have corporate ownership structure Partners’ potential losses are limited to their investment Limited financial liability Owners have limited liability and right to vote 

 

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