A major advantage of limited liability partnerships (LLP) is that they offer all partners "fullshield" protection in every state.

Question

A major advantage of limited liability partnerships (LLP) is that they offer all partners "full­shield" protection in every state.

Quizplus · Accepted Answer

While LLPs do offer limited liability protection to all partners, this protection may not extend to every state. Some states have different regulations and laws regarding LLPs, and it is important to check the specific requirements and limitations in each state where the partnership operates.

A Major Advantage of Limited Liability Partnerships (LLP) Is That