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A Limited Partner in a Limited Liability Partnership (LLP) _____

Question 46

Multiple Choice

A limited partner in a limited liability partnership (LLP) _____.


A) is responsible for the general management of the business
B) is liable for only the amount invested in the partnership
C) is responsible for negligence, irresponsibility, or similar acts committed by any other partner
D) is liable to pay tax on the general partner's share of partnership income
E) is personally liable for the partnership debts

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