What are the differences between a limited liability partnership and a limited liability company?

What will be an ideal response?


A limited liability partnership (LLP) is a business organization providing limited
liability to partners without restrictions of limited partnership. Partners can participate
in the operation of the business. A limited liability company (LLC) is a business organization
providing limited liability to its owners, but not taxed as a corporation. The LLC is liable for its own debts but there is no personal liability on the part of the owners.

Legal Studies & Paralegal

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Expert witnesses may give opinion testimony after a "foundation has been laid" and would include which of the following?

A. Education B. Education, experience, and ethnic origin C. Education, experience, and skill level D. Ethnic origin and relationship to one of the parties to the cause of action

Legal Studies & Paralegal

A ________________ is a scheduling system that tracks and organizes appointments, deadlines, and commitments.?

A. ?statute of limitations B. ?docket C. ?docket clerk D. ?a and b E. ?none of the above

Legal Studies & Paralegal

Are employers permitted to monitor employee telephone calls?

What will be an ideal response?

Legal Studies & Paralegal

?Which of the following are tasks that paralegals may perform?

A. ?Draft legal documents B. ?Conduct legal research C. ?Interview clients and witnesses D. ?Conduct legal investigations E. ?All of these choices are correct.

Legal Studies & Paralegal