Which of the following would most likely be a requirement of provincial legislation with respect to a limited liability partnership?

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Limited liability partnerships are designed to limit the personal liabilities of partners. However, provincial legislation may require liability insurance to compensate victims for losses incurred in case of any misconduct or negligence by the partners. This protects the interests of the public and ensures that victims of any harm caused by the partnership can be compensated. B, C, and D are not necessarily requirements of provincial legislation for limited liability partnerships.

Which of the Following Would Most Likely Be a Requirement