Question: half an hour Question 7 [5 points] Choose the term that best matches each of the following descriptions: select answer In a LLP, people who
half an hourQuestion 7 [5 points] Choose the term that best matches each of the following descriptions: select answer In a LLP, people who have limited liability but also limited roles in the partnership as specified in the partnership agreement. b) Select answer The distribution of the business's income to the owner. A form of partnership that is permitted for professionals such as lawyers and accountants, and has limited partners with limited liabilities. A partner can commit the partnership to any contract because each partner is an authorized agent of the partnership. In a LLP, people who are responsible for the management of the partnership and assume unlimited liability. select answer select answer select awer
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