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Which is true for a limited liability partnership (LLP)?


A. All partners are free from liability.


B. All partners have personal liability.


C. All partners are limited from personal liability in certain situations.


D. All partners are required to be general partners.

Respuesta :

MrDay

Answer:

All partners are limited from personal liability in certain situations.

Explanation:

Limited partnerships and limited liability partnerships offer some of their owners limited personal liability for business debts. One partner is considered a general partner. The general partner makes decisions and has increased liability.

Answer:

The answer is C

Explanation:

Gradpoint

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