Question

one way to eliminate some of the risk of your partners making costly mistakes that could jeopardize your personal assets is to set up a
multiple choice
limited amount of time each can actively spend in the business.
master limited partnership.
sole proprietorship.
limited liability partnership.

Explanation:

In a limited - liability partnership (LLP), partners' personal assets are generally protected from the debts and obligations arising from the negligent or wrongful acts of other partners. A master limited partnership is mainly for tax - advantaged investment in certain industries. A sole proprietorship offers no separation between personal and business assets. Limiting time spent in business does not directly protect personal assets from partners' costly mistakes.

Answer:

D. limited liability partnership