Ask Question
Social StudiesSocial Studies
11 November, 04:48

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

+5
Answers (1)
  1. 11 November, 06:49
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Simon cringes every time he hears a dentist's drill, even when he is sitting in the waiting room of his dentist's office. In this example, cringing in the waiting room is
Answers (2)
Which of the following correctly states a cause and effect that occurred during world war two
Answers (1)
In the na culture of china, a little boy grows up very close to one of his male relatives. everyone expects a strong degree of influence between this man and the child. this role model male relative is the boy's:
Answers (1)
Keith was surprised when his boss invited a co-worker to lunch but did not invite him. at first, keith was convinced that he had not been invited because they wanted to discuss keith's job performance at lunch.
Answers (1)
What's the name of the compromise that created two houses of congress
Answers (1)
New Questions in Social Studies
Dr. zapico believes that under hypnosis people are capable of responding to the hypnotist's command to suppress pain, while at the same time being aware of the pain. dr. zapico is endorsing which theory of hypnosis?
Answers (1)
How do you think jefferson differed from hamilton in his view of people and human nature?
Answers (1)
Choose the correctly paired terms. a. hyperopia: b. nearsightedness nyctalopia: c. night blindness astigmatism: d. clouding of the lens myopia: e. farsightedness
Answers (1)
With excellent information technology available today to manage data, why do organizations still have information deficiency problems
Answers (1)
What is the difference between the partitioned africa and the decolonized africa
Answers (1)
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?