partnerships quick check\nwhat type of partnership is characterized by the limited liability of all…
partnerships quick check\nwhat type of partnership is characterized by the limited liability of all partners? (1 point)\nsole partnership\ngeneral partnership\nlimited partnership\nlimited liability partnership
Answer
Answer:
D. limited liability partnership
Brief Explanations:
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.