How does a limited liability partnership (LLP) differ from a general partnership? Legal limits have been established regarding the number of people who can participate in the LLP. OLLP partners are liable for some or all of the obligations of the partnership, but have limited liability for the negligence or malpractice of other partners. O LLP partners have limited liability for the obligations of the partnership but unlimited liability for the negligence or malpractice of other partners. Participation in the LLP is limited to members of a regulated profession, such as accounting or health care.

How does a limited habibty partnerstip (Lis) differ from a general partneritup? Legal limits tave been estatkished regarding the number of people who can participate in the fip partners. partiners Participabon in the LP is amated to members of a tegulated profession, such as accoumtine oc health care