Question: There are five options which will go like one option applied to one question. the options are: 1. General partners 2. Limited liability partnership 3.
a) select answer Question 7 [5 points] Choose the term that best matches each of the following descriptions: In a LLP, people who have limited liability but also limited roles in the partnership as specified in the partnership agreement The distribution of the business's income to the owner. c) select answer 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, b) select answer d) Eelect answer e) select
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