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16 July, 14:21

A type of entity that must have one general partner and at least one limited partner. b. A type of entity in which owners are "members". c. A type of entity in which all owners are jointly and severally liable for the entity's debts. d. A type of entity in which there can be only one owner.

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  1. 16 July, 14:57
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    Answer: a) Limited Liability Partnership (LLP)

    b) Limited Liability Company (LLC)

    c) General Partnership

    d) Sole Proprietorship

    Explanation: Limited Liability Partnership (LLP) - A type of entity that must have one general partner and at least one limited partner.

    Limited Liability Company (LLC) - A type of entity in which owners are "members".

    General Partnership - A type of entity in which all owners are jointly and severally liable for the entity's debts.

    Sole Proprietorship - A type of entity in which there can be only one owner.
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