A special type of partnership in which all partners, who in many states must be professionals, are limited partners is called ________.
A) general partnership
B) limited partnership
C) silent partnership
D) limited liability partnership

Question

Quizplus · Accepted Answer

A special type of partnership in which all partners (who in many states must be professionals), are limited partners is called a limited liability partnership. This type of partnership provides limited liability protection to all partners and allows them to participate in management and decision-making.

A Special Type of Partnership in Which All Partners, Who