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In a Limited Liability Partnership (LLP)death or Withdrawal of a Partner

Question 8

Multiple Choice

In a limited liability partnership (LLP) death or withdrawal of a partner: 


A) results in automatic transfer of ownership to surviving partner(s) .
B) may result in problems trying to find a market for the shares.
C) always results in termination of the partnership.
D) has no effect on the partnership.

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