A(n)________ is a limited partnership whose partners have elected limited liability status for all the partners.
A)corporation
B)LLLP
C)S Corporation
D)LLP

Question

Quizplus · Accepted Answer

A limited liability limited partnership (LLLP)is a limited partnership whose partners have elected limited liability status for all the partners.The LLLP is designed to give the same limited liability advantages to general partners in a limited partnership as have been granted to partners who manage an LLP or a limited liability company (LLC).

A(n)________ Is a Limited Partnership Whose Partners Have Elected Limited