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Corporate Finance

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Limited Partnerships vs. Partnerships

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CORPFN-YFGEIV

How do limited liability partnerships (LLPs) differ from regular partnerships?

Select ALL that apply.

A

All the partners in an LLP have limited liability.

B

The limited partners in an LLP have limited liability, but general partners do not.

C

The limited partners can be actively involved with the operation of the business.

D

LLPs suffer from double taxation.

E

LLPs can issue stock to the public.