What is the difference between a limited partnership and a limited liability limited partnership?
a. Limited partners in a limited partnership do not participate in management, whereas those in a limited liability limited partnership do.
b. General partners in a limited liability limited partnership have limited personal liability.
c. All the partners in a limited liability limited partnership have more protection from the liabilities of the partnership than in a limited partnership.
d. Limited partners in a limited liability limited partnership have limited personal liability.