Which of the following is not true about a Limited Liability Partnership (LLP) entity? a. Pass-through taxation

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Which of the following is not true about a Limited Liability Partnership (LLP) entity?

a. Pass-through taxation for partners.

b. No personal liability for negligent acts of other partners.

c. Partners are authorized to bind the partnership in contract.

d. No personal liability for that partner’s own negligence.

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The Legal Environment Of Business A Managerial Approach Theory To Practice

ISBN: 9781259686207

3rd Edition

Authors: Sean P Melvin; F E Guerra-Pujol

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Question Posted: Apr 05, 2024 11:00 PM

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Which of the following is not true about a Limited Liability Partnership (LLP) entity? a. Pass-through taxation

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d In an LLP partners cann...View the full answer

The Legal Environment Of Business A Managerial Approach Theory To Practice

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