Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. answer the following question in no less than one

Answer the following question in no less than one page. How do you choose between an...

60.1K

Verified Solution

Question

Finance

Answer the following question in no less than one page.

How do you choose between an LLC and an LLP in creatingyour business organization?

Answer & Explanation Solved by verified expert
3.9 Ratings (428 Votes)
The LLC and LLP The liability protection is better in a LLC rather than the LLP In a LLP the partners are provided protection over the liabilities whereas in the case of partnership all the partners are personally liable to pay all the debts arising in the partnership firm In a LLP    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Answer the following question in no less than one page.How do you choose between an LLC and an LLP in creatingyour business organization?

Other questions asked by students

Finance
1.2K views

A project requires an initial investment of $1,000,000 and is depreciated straight-line to zero salvage over its...

Physics
1.2K views

These are the answered multiple choice questions about the forces in the Student and Backpack problem....

Programming
1.2K views

Reverse Polish (HP) Style Calculator - Part 2 The purpose of this assignment is to incorporate an...

Basic Math
1.2K views

Case 1 Instruction (Accounting Application) Use the MS Excel tabular graphical methods of descriptive statistics to...

Biology
1.2K views

Where do the phospholipids found in the plasma membrane get synthesized A Lysosome B Nucleus...

Biology
1.2K views

Read the instructions on Writing a methods section Using these gu methods section for the...

Statistics
1.2K views

More than 32 of the iPhone apps have over 100,000 downloads.The complement is:

Statistics
1.2K views

3 Police trainees were seated in a darkened room facing a projector screen Ten different...

Calculus
1.2K views

2 Determine whether the infinite geometric series converges If it does find its sum 1...

Accounting
1.2K views

Early in the year Bill Sharnes and several friends organized a corporation called...

Accounting
1.2K views

Task 1 Budgetary Control is a topic of high importance which businesses have to consider...

Accounting
1.2K views

how do I do this. A stimating Spot Rates using Boot-strapping Technique A...