About limited liability partnerships

Reference no: EM13319967

Which of the following is true about limited liability partnerships?

a. In many states, the use of limited liability partnerships is limited to certain types of professionals.

b. Limited liability partnerships must have at least one general partner, but that general partner can be a limited liability company.

c. Many states require limited liability partnerships to carry liability insurance.

d. Both A and C are true.

Reference no: EM13319967

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