Which of the following statements is/are true? 1.. Partnerships offer limited liability protection to partners. 2.. LLCs

Question:

Which of the following statements is/are true?

1.. Partnerships offer limited liability protection to partners.

2.. LLCs offer limited liability protection to members.

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor 2.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

Question Posted: