Twelve accounting and financial services professionals opt to form a limited liability…

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Twelve accounting and financial services professionals opt to form a limited liability partnership. They have experience in the industry ranging from 15 to 35 years. Edie Fernando has the most professional and managerial experience and is bringing the most valuable clients to the business. She has one client that she has served for over 20 years. She is inclined to continue to serve that client by herself, not with the LLP’s resources. What do you recommend Edie include in the partnership agreement to avoid her having liability to the LLP? Why?

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