1. Unlike the general partnership, in which all partners have personal liability for the debts and obligations of the partnership

2. A disadvantage of doing a business as a limited liability limited partnership formed under the Limited Partnership Act of 2001 is that

3. State partnership laws generally have provisions

4. The proper documentation must be filed with the secretary of state to elect limited liability limited partnership status.

5. In most states, limited liability partnerships are governed by

6. In states that have adopted full shield statutes, partners may be held personally liable for

7. Partners of a limited liability partnership may be held personally responsible for partnership obligations incurred due to their own wrongdoing.

8. A carefully drafted partnership agreement can be important to the success of the limited liability partnership.

9. The number of limited liability partnerships in the United States has