Asked by
Drekia Campbell
on Oct 30, 2024
Verified
Typically,LLPs are only popular among what type of business?
A) restaurants
B) a sole owner who wants to guard against liability
C) a professional practice,such as a legal or accounting group
D) franchises
LLPs
Limited Liability Partnerships, a legal structure for businesses where partners have limited liabilities.
Professional Practice
The conduct and work that someone in a specific profession, committed to ethics and standards, engages in.
Legal Group
A team of legal professionals who provide advice and representation on legal matters.
- Understand the multitude of legal entities available for incorporation and the process to formalize their existence.
Verified Answer
AA
Learning Objectives
- Understand the multitude of legal entities available for incorporation and the process to formalize their existence.