A disadvantage of doing a business as a limited liability limited partnership formed under the Limited Partnership Act of 2001 is that
A. general partners do not have limited liability for the debts and obligations of the partnership.
B. the limited liability limited partnership is not formed until the proper documentation is filed with the secretary of state.
C. limited partners may not participate in the management of the partnership business.
D. the limited liability limited partnership is subject to double taxation.
B. the limited liability limited partnership is not formed until the proper documentation is filed with the secretary of state.
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