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Which of the following statements is true regarding limited liability partnerships (LLPs)? A. The LLP is a domestic LLP in the state in which it
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Which of the following statements is true regarding limited liability partnerships (LLPs)?
A. The LLP is a domestic LLP in the state in which it is organized.
B. The use of the LLP form of business has no restrictions as to business types.
C. An LLP cannot do business in states other than where it is organized.
D. LLPs are enacted by federal law.
E. LLPs are taxed as corporations.
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