A limited liability limited partnership is a ________ in the state in which it is organized.

Question

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A limited liability limited partnership (LLLP) is a partnership that combines two different types of partners: general partners and limited partners. The LLLP provides limited liability protection to all partners. It must be registered as a domestic LLLP in the state in which it is organized. Therefore, option C is the correct choice. Option A is incorrect because a sole proprietorship is a type of business entity that is not a partnership. Option B is incorrect because a limited liability company (LLC) is a different type of business entity that is not a partnership. Option D is incorrect because a general partnership does not provide limited liability protection to the partners.

A Limited Liability Limited Partnership Is a ________ in the State