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Which one of the following is false regarding LIMITED LIABILITY PARTNERSHIPS (LLPs)? O The LLP business form is generally restricted to use by professionals
Which one of the following is false regarding LIMITED LIABILITY PARTNERSHIPS (LLPs)? O The LLP business form is generally restricted to use by professionals (.e. CPAs). A partner may be personally liable for professional malpractice of other partners. All partners are limited partners. O Apartner may be personally liable for his/her own professional malpractice.
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In LLP one partner is not liable for another partners misco...
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Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
