A Limited Liability Partnership (LLP) is designed to protect innocent partners from malpractice or negligence claims resulting from the acts of another partner.

Name: A Limited Liability Partnership (LLP) is designed to protect innocent partners from malpractice or negligence claims resulting from the acts of another partner.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because LLP limits the personal liability of partners and allows them to only be responsible for their own actions and decisions, not those of their partners.

A Limited Liability Partnership (LLP) Is Designed to Protect Innocent