A limited liability partnership may exempt its partners from personal liability for any partnership obligation.

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In a limited liability partnership, partners are not personally liable for the debts and obligations of the partnership. This is a key feature of the structure and one of the main reasons businesses choose to operate as an LLP. However, there are some exceptions and limitations to this protection, such as in cases of personal misconduct or negligence.

A Limited Liability Partnership May Exempt Its Partners from Personal