Which of the following is the most common type of corporate structure that is used by accounting firms that operate in the United States?
A) a limited liability partnership
B) a corporation
C) a cooperative
D) a sole trader

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) is the most common type of corporate structure used by accounting firms in the United States. This is because an LLP provides protection to individual partners from the liabilities of the partnership, while still allowing for the tax benefits of a partnership. This structure allows accounting firms to operate more efficiently and effectively.

Which of the Following Is the Most Common Type of Corporate