Question

partnerships quick check
what type of partnership is characterized by the limited liability of all partners? (1 point)
sole partnership
general partnership
limited partnership
limited liability partnership

Explanation:

In a limited - liability partnership, all partners have limited liability, meaning their personal assets are generally protected from the partnership's debts and obligations. A sole partnership is not a standard partnership type. In a general partnership, partners have unlimited personal liability. In a limited partnership, only limited partners have limited liability while general partners have unlimited liability.

Answer:

D. limited liability partnership