Under the limited liability partnership (LLP)form of organization,the only partners with personal assets at risk are those involved in the litigated engagement,while the others risk only their investment in the partnership.

Question

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This statement is true. In an LLP, only the partners involved in a litigated engagement would be liable for any legal actions taken against the partnership, while other partners would only be liable for their investment in the partnership.

Under the Limited Liability Partnership (LLP)form of Organization,the Only Partners