Select the best answer.With regards to different types of entities, which of the following statements is true?OA. General partnerships must file Articles of Organization with the state.In a limited liability partnership, the partners are shielded from personal liability fortortious acts.OB.O C. Limited liability partnerships must register in the state of formation.Under Regulation §301.7701-3(a), entities that are not automatically classified as cO D.are considered to be ineligible entities that are not able to elect how they are to beSubmit Answers

A general partnership is an unincorporated business owned by two or more people. In many states,…

With regards to different types of entities, which of the following statements is true? O DC3nsivel. O A. General partnerships must file Articles of Organization with the state. B. In a limited liability partnership, the partners are shielded from personal liability for tortious acts. C. Limited liability partnerships must register in the state of formation. D. Under Regulation §301.7701-3(a), entities that are not automatically classified as c are considered to be ineligible entities that are not able to elect how they are to be

With regards to different types of entities, which of the following statements is true? O DC3nsivel. O A. General partnerships must file Articles of Organization with the state. B. In a limited liability partnership, the partners are shielded from personal liability for tortious acts. C. Limited liability partnerships must register in the state of formation. D. Under Regulation §301.7701-3(a), entities that are not automatically classified as c are considered to be ineligible entities that are not able to elect how they are to be

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Select the best answer.
With regards to different types of entities, which of the following statements is true?
O
A. General partnerships must file Articles of Organization with the state.
In a limited liability partnership, the partners are shielded from personal liability for
tortious acts.
OB.
O C. Limited liability partnerships must register in the state of formation.
Under Regulation §301.7701-3(a), entities that are not automatically classified as c
O D.
are considered to be ineligible entities that are not able to elect how they are to be
Submit Answers

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