Question
A. LLP partners may be personally liable for firm general contract libaility. B. In terms of liability exposure, the LLP is a middle of the
| A. | LLP partners may be personally liable for firm general contract libaility. | |
| B. | In terms of liability exposure, the LLP is a "middle of the road" entity. | |
| C. | If the government were to cause S Corporation shareholders to be subject to the self employment tax, the entity would become relatively obsolete. | |
| D. | All of the above are true statements. |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
