________ is a special type of limited partnership in which all partners who, in many states must be considered to be professionals, are limited partners.
A)Limited liability partnership (LLP)
B)Master limited partnership (MLP)
C)General partnership
D)Limited partnership

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) is a special type of limited partnership in which all partners, who in most states must be considered to be professionals, are limited partners. This means they have limited liability for the partnership's debts, obligations, and wrongful or negligent acts of other partners or employees. LLPs are commonly used by professionals such as lawyers, doctors, and accountants.

________ Is a Special Type of Limited Partnership in Which