Ronald, Jamie, Ben, and Joseph are colleagues who want to start a company of their own. All of them want to be actively involved in managing the business. However, they do not want any personal liability for any debts incurred by the company. In this scenario, they should most likely get involved in a _____.

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) allows all partners to be involved in managing the business while protecting them from personal liability for the company's debts.

Ronald, Jamie, Ben, and Joseph Are Colleagues Who Want to Start