A special type of partnership in which all partners, who in many states must be professionals, are limited partners is called ________ partnership.
A)general
B)limited
C)silent
D)limited liability

Question

Quizplus · Accepted Answer

A limited liability partnership is a special type of partnership where all partners are limited partners, and they are not held responsible for the actions or debts of the other partners. This type of partnership is often used by professional service firms such as law firms, accounting firms, and engineering firms. In many states, only professionals can form an LLP.

A Special Type of Partnership in Which All Partners, Who