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9 February, 20:26

Marisa was a CPA who formed a partnership with another CPA, Dave. They formed a limited liability partnership (LLP). If Marisa negligently fails to correctly calculate a client's tax liability, resulting in fines to the client:

A) Marisa is personally liable, since she was negligent, but not Dave, who was not negligent.

B) Marisa and Dave are both personally liable, since the tort occurred in the course of business, and, as professionals, they retain personal liability.

C) Neither Marisa nor Dave are individually liable since the as members of a limited liability company they are shielded from personal liability.

D) Neither Marisa nor Dave is individually liable in states that recognize limited liability companies.

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Answers (1)
  1. 9 February, 20:44
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    I believe it's A) Marisa is personally liable
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