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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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