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In a limited liability partnership, each partner's risk of losing personal assets is unlimited. limited to losses that result from that partner's own acts and
In a limited liability partnership, each partner's risk of losing personal assets is
unlimited.
limited to losses that result from that partner's own acts and omissions and the acts and omissions of those who work under that partner's supervision.
nonexistent.
determined entirely by the maximum loss provision established by the articles of copartnership.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
