Unlike the general partnership, in which all partners have personal liability for the debts and obligations of the partnership,
A) the limited partnership offers limited per- sonal liability for all partners.
B) the limited liability partnership offers limited personal liability for all partners.
C) the limited liability limited partnership offers limited personal liability for all part- ners.
D) both the limited liability partnership and the limited liability limited partnership offer some degree of limited personal liability for all partners.
Correct Answer:
Verified
Q2: Partners of a general partnership typically have
Q3: Some states require limited liability partner- ships
Q4: In states that have adopted full shield
Q5: The proper documentation must be filed with
Q6: In states that have adopted partial shield
Q7: A carefully drafted partnership agreement can be
Q8: The number of limited liability partnerships in
Q9: Foreign limited liability partnerships generally do not
Q10: Partners of a limited liability partnership may
Q11: A disadvantage of doing a business as
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