Newt is considering forms of business organization for Newton Design,an ar-chitectural firm.An advantage of a limited liability partnership is that partners can avoid personal liability for
A)their own wrongful acts.
B)only other partners' malpractice.
C)only partnership obligations that exceed capital contributions.
D)only partnership obligations that fall within capital contributions.

Question

Quizplus · Accepted Answer

In a limited liability partnership (LLP), partners are protected from personal liability for the malpractice of other partners, but not for their own wrongful acts or negligence.

Newt Is Considering Forms of Business Organization for Newton Design,an