The conversion of a partners business into a limited liability company affords the
FINANCIAL
JAMB 1995
The conversion of a partners business into a limited liability company affords the
- A. general partners the chance of enjoying the limited laibility protection
- B. limited liability partners the chance of enjoying the limited liability protecction
- C. Creditors the chance of enjoying the limited liabiity protection
- D. debtors the chance of enjoying the limited liability protection
Correct Answer: B. limited liability partners the chance of enjoying the limited liability protecction
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