Problem

Which of the following forms of organization would not be allowed under Rule 505, Resoluti...

Which of the following forms of organization would not be allowed under Rule 505, Resolution Concerning Form of Organization and Name, of the Professional Code of Conduct?

A. Limited liability partnership; all partners are CPAs.

B. Limited liability partnership; 70 percent of partners are CPAs.

C. Limited liability corporation; all shareholders are CPAs.

D. Partnership; 40 percent of partners are CPAs.

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