Bruce, a lawyer and member of a limited liability partnership consisting of other lawyers, committed legal malpractice. Which of the following is true regarding the liability of Bruce and the other members of the limited partnership?

Multiple Choice

All members of the limited liability partnership have personal liability, but only to the extent of the profits made in the previous two tax years.

Bruce has personal liability, but the other members of the limited liability partnership do not.

Bruce has primary personal liability, and the other members of the limited liability partnership only have personal liability once Bruces assets are extinguished.

All members of the limited liability partnership have personal liability for Bruces actions.