Asked by
ritisha pabbarajuu
on Nov 23, 2024
Verified
Limited liability partnerships (LLP) are suitable forms of organization for professionals such as accountants and lawyers.
Limited Liability Partnerships
A form of partnership in which some or all partners have limited liabilities, protecting individual partners' personal assets from business debts and liabilities.
Professionals
Individuals who have specific qualifications and expertise in a particular field or industry, often bound by certain ethical standards.
- Understand the principle of limited liability partnerships along with the differences between limited and general partners.
Verified Answer
CV
Learning Objectives
- Understand the principle of limited liability partnerships along with the differences between limited and general partners.
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