Ask Question
Social StudiesSocial Studies
26 February, 11:30

The two categories of enterprises for which a limited liability partnership (LLP) is especially attractive are:

a. farmers and manufacturers.

b. professional services and family businesses.

c. professional services and unions.

d. manufacturers and computer hardware businesses

+3
Answers (1)
  1. 26 February, 13:52
    0
    The correct answer is B. Professional Services and Family Businesses.

    Explanation:

    Limited Liability Partnership (LLP) is a partnership that gives room to professionals to reap the tax benefits offered by the partnership as it reduces the personal liabilities of the partners to their wrongful acts. The partners are personally liable for business debts. There are no general partners. This means that the partners are protected against the company's debts and obligations. Examples of professionals under the Limited Liability Partnership are Accountants, Lawyers, etc.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The two categories of enterprises for which a limited liability partnership (LLP) is especially attractive are: a. farmers and ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is a Reform Movement?
Answers (1)
Where did the original country start the easter bunny tratition?
Answers (1)
Where did the muslim region originate?
Answers (2)
Dr. Pete Moss uses the twin-study method and finds a correlation of +.50 on self-esteem for MZ twins, but only a +.30 correlation for DZ twins. What conclusion might be drawn from these results?
Answers (1)
What kind of research method would be best if your goal was to learn how the residents in a gated community feel about racial desegregation?
Answers (1)
New Questions in Social Studies
During a lecture to students interested in graduate work in clinical psychology, dr. barton is asked what factors contribute most to effective psychotherapy. he is most likely to respond that the most important factors are:
Answers (1)
Sophia asks probing questions, is interested in a variety of topics, and strives to learn more every day. given this information, which positive critical thinking habit of mind does sophia exhibit?
Answers (1)
Be able to state two reason why civilization developed between Tigris and Euphrates
Answers (1)
According to the first amendment, government may neither encourage nor discourage the practice of religion generally, nor may it give preference to one religion over another.
Answers (1)
Who were the representatives from Georgia to sign the Declaration of Independence?
Answers (2)
Home » Social Studies » The two categories of enterprises for which a limited liability partnership (LLP) is especially attractive are: a. farmers and manufacturers. b. professional services and family businesses. c. professional services and unions. d.
Sign Up Forgot Password?