Question: Select the TRUE statement. An LLLP allows limited partners a larger voice in management than an LP . For the liability shield to protect partners,
Select the TRUE statement.
An LLLP allows limited partners a larger voice in management than an LP
For the liability shield to protect partners, the partnership should have LLP at the end of the partnership name in any contract the partners sign.
Even general partners split profits by capital ratio in an LLP
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