QuestionJuly 13, 2025

In a registered limited liability partnership the partners are not liable for debts or other liabilities charged to the partnership. True False

In a registered limited liability partnership the partners are not liable for debts or other liabilities charged to the partnership. True False
In a registered limited liability partnership the partners are not liable for debts or other
liabilities charged to the partnership.
True
False

Solution
4.2(290 votes)

Answer

True Explanation In a registered limited liability partnership (LLP), partners typically have limited liability, meaning they are not personally liable for the debts or liabilities of the partnership beyond their investment. However, this does not apply to all situations, such as personal guarantees.

Explanation

In a registered limited liability partnership (LLP), partners typically have limited liability, meaning they are not personally liable for the debts or liabilities of the partnership beyond their investment. However, this does not apply to all situations, such as personal guarantees.<br /><br />
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