In a ________,each partner is not personally liable for the malpractice committed by another partner.
A) general partnership
B) limited liability partnership
C) limited partnership
D) sole proprietorship

Question

Quizplus · Accepted Answer

In a limited liability partnership, each partner enjoys limited liability protection, which means they are not personally liable for the malpractice committed by another partner. This is different from a general partnership where each partner is personally liable for the debts and obligations of the partnership, and a limited partnership where there are both general partners (who are personally liable) and limited partners (who have limited liability protection). A sole proprietorship is a business owned and operated by one individual, who is personally responsible for all the business's debts and obligations.

In a ________,Each Partner Is Not Personally Liable for the Malpractice