Question: Identify a true statement about a limited liability partnership ( LLP ) . It is taxed like a limited liability company. Revised Uniform Partnership Act
Identify a true statement about a limited liability partnership LLP
It is taxed like a limited liability company.
Revised Uniform Partnership Act RUPA does not provide full limited liability to the LLP partners.
A partner's limited liability does not extend to the negligence of other partners.
It resembles a general partnership more closely than a limited liability company LLC
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