In a registered limited liability partnership (LLP), each partner is personally liable and may be sued in a separate action or in a joint action.

Question

Quizplus · Accepted Answer

A registered limited liability partnership is a general partnership in all respects except one-liability. In a traditional general partnership, the liability for the torts committed by a partner or an employee of the partnership is joint and several. This stance means that each partner is liable and may be sued in a separate action or in a joint action. When an LLP has been created, partners can no longer be held jointly or severally liable for the torts, wrongful acts, negligence, or misconduct committed by another partner or by any representative of the partnership.

In a Registered Limited Liability Partnership (LLP), Each Partner Is