Compare and contrast the advantages and disadvantages of a LLP form of business and a C-Corporation.
Compare and contrast the advantages and disadvantages of a LLP form of business and a C-Corporation.
As discussed in the textbook, large accounting firms and other professional firms operate as limited liability partnerships (LLPs). Compare and contrast the advantages and disadvantages of a LLP form of business and a C-Corporation. Suggest the major reasons why a new entity would choose an LLP over a traditional partnership or a C-Corporation.
