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NEW QUESTION: 1
A limited liability partnership must:
A. Carry no less than one hundred thousand dollars of property insurance.
B. Not have partners with professional licenses.
C. Hold all partners personally liable for all debts and liabilities of the partnership and partners.
D. File registration documents with the state in which it is formed.
Answer: D
Explanation:
Choice "a" is correct. Rule: To have limited liability, an LLP must file with the state a registration statement
usually referred to as Articles of LLP. It is generally designed for professionals who desire to be partners
with other like professionals and yet not have liability for the malpractice of their partners. Some states
require that personal liability insurance (not property insurance) be carried to protect those harmed by the
professionals' malpractice. Choices "b", "c", and "d" are incorrect, per the above rule.

NEW QUESTION: 2



A. Option A
B. Option D
C. Option E
D. Option C
E. Option B
Answer: C,D

NEW QUESTION: 3
Drag and drop the MPLS terms from the left onto the correct definitions on the right.

Answer:
Explanation: