If business owners in a partnership wish to limit liability,they have the option to _____.
A)pledge funds
B)limit expenditure
C)set up a limited-liability partnership
D)dissolve the partnership

Question

Quizplus · Accepted Answer

Setting up a limited-liability partnership (LLP) allows partners to limit their personal liability. In an LLP, partners are not personally responsible for the business debts or the negligence of other partners, which is not the case in a traditional partnership.

If Business Owners in a Partnership Wish to Limit Liability,they