Question: Limited liability partnerships ( LLPs ) : a . do not entail a sharing of profits and losses. b . entail limited liability for vicarious

Limited liability partnerships (LLPs):
a. do not entail a sharing of profits and losses.
b. entail limited liability for vicarious liability between the partners.
c. on dissolution have no winding up process.
d. are not covered by either statutory or the common law.

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