The ________ is the preferred form of business for professionals and is especially good for consultants and auditors,allowing them management flexibility while insulating them mostly from personal liability.
A)S Corporation
B)LLLP
C)LLC
D)LLP

Question

Quizplus · Accepted Answer

A limited liability partnership is a partnership whose partners have elected limited liability status.The LLP is an especially good form of business for professionals such as consultants and auditors,allowing them management flexibility while insulating them mostly from personal liability.

The ________ Is the Preferred Form of Business for Professionals