In a CPA firm operating as a limited liability partnership (LLP), the liability for one partner's actions extends to the firm's assets.

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In an LLP, each partner has limited liability for their own actions, meaning they are not personally liable for the debts and liabilities of the firm. However, the liability for one partner's actions can extend to the firm's assets, which means that the other partners may be affected financially. This is one of the reasons why it is important for CPA firms to have appropriate insurance coverage in place.

In a CPA Firm Operating as a Limited Liability Partnership