Question
The legal characteristics of limited liability partnerships are similar to those of general partnerships, except The partners in a limited liability partnership are not liable
The legal characteristics of limited liability partnerships are similar to those of general partnerships, except"
| The partners in a limited liability partnership are not liable for any debts of the partnership | ||
| The partners in a limited liability partnership are not liable for professional negligence of other partners | ||
| The partners in a limited liability partnership cannot enter into contracts | ||
| The partners in a limited liability partnership are only liable for debts arising out of fraudulent or misleading representation |
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1711
