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 hour Question 7 [5 points] Choose the term thathalf an hour

Question 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!