A business form in which the partners are not personally liable for the malpractice of any of the other partners is called a ________.
A)corporation
B)limited liability partnership
C)modified sole proprietorship
D)partnership

Question

Quizplus · Accepted Answer

A limited liability partnership (LLP) is a business form that provides limited liability protection to its partners, meaning that they are not personally liable for the malpractice of any of the other partners. This is different from a general partnership, in which all partners are personally liable for the actions of the other partners. The other options (corporation, modified sole proprietorship, and partnership) do not provide this limited liability protection to partners.

A Business Form in Which the Partners Are Not Personally