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Which of the following is a false statement? A. If an entity has unlimited liability that means that both the entity and the owners may
Which of the following is a false statement?
A. If an entity has unlimited liability that means that both the entity and the owners may be sued for general contract liability issues.
B. LLP partners are protected from the malfeasance of other partners in their firm.
C. If one is an owner of a limited liability entity, the owner cannot be personally sued for activity related to the business.
D. All of the above are true statements.
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