LLPs) is incorrect?
A. An LLP has a legal personality separate from that of its members.
B. The liability of each partner in an LLP is limited.
C. Members of an LLP are taxed as partners.
D. A limited company can convert to an LLP.
Answer:A
LLPs) is incorrect?
A. An LLP has a legal personality separate from that of its members. B. The liability of each partner in an LLP is limited. C. Members of an LLP are taxed as partners. D. A limited company can convert to an LLP.