Which is not a difference between a limited liability company and a limited liability partnership? a. An
Question:
Which is not a difference between a limited liability company and a limited liability partnership?
a. An LLC, unlike an LLP or LLLP, can exist with only one owner.
b. All members of an LLC have limited liability, without requiring that they forfeit their ability to participate in management.
c. An LLC has members rather than partners, and does not have a general partner.
d. An LLC does not have a general partner.
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Related Book For
Taxation Essentials Of LLCs And Partnerships
ISBN: 9781119722328
1st Edition
Authors: Larry Tunnell, Robert Ricketts
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