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Some large CPA firms have thousands of staff members, and hundreds of partners, and operate on a national or an international basis. Would the professional

Some large CPA firms have thousands of staff members, and hundreds of partners, and operate on a national or an international basis. 

Would the professional corporation form of organization be more appropriate than the limited liability partnership form for such large organizations? 

Explain. List at least five methods by which net income or losses of a limited liability partnership may be divided among partners.

 



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