Which of the following statements relates to a limited liability partnership (LLP)? (a) The partners have unlimited

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Which of the following statements relates to a limited liability partnership (LLP)?

(a) The partners have unlimited liability.

(b) Annual accounts are filed with the Registrar of Companies.

(c) Members may not participate in the day-to-day running of the business.

(d) Existing partnerships may not become an LLP.

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Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

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