Typically,LLPs are only popular among what type of business?
A)restaurants
B)a sole owner who wants to guard against liability
C)a professional practice,such as a legal or accounting group
D)franchises

Question

Quizplus · Accepted Answer

LLPs are most commonly used by professional practices such as legal or accounting groups as a way to protect individual partners from personal liability for the actions of the other partners. While restaurants and franchises may also use LLPs, they are not typically as popular among these types of businesses. Additionally, LLPs are not a suitable choice for a sole owner looking to protect themselves from liability, as this type of business structure requires at least two partners.

Typically,LLPs Are Only Popular Among What Type of Business