Limited liability partnership

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Reference no: EM133209405

Choose the CORRECT statements from the following :

i. A limited liability partnership has the following characteristics: it protects limited liability, and the partners can share the profits.

ii. A limited liability partnership provides a mechanism where the people in business can easily tailor their business model according to their needs.

iii. A limited liability partnership allows the business to convert their business according to their preference. iv. A limited liability partnership must register their process similar to the registration of the public companies.

A. i and ii

B. ii and iii

C. iii and iv

D. ii and iv

Reference no: EM133209405

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