Asked by
Alatron Graybot
on Nov 30, 2024
Verified
Some states allow the formation of partnerships in which all partners have limited liability.
Limited Liability
A legal principle that protects an owner or investor's personal assets from being used to satisfy business debts or claims.
- Grasp the concept of limited liability partnerships and the conditions under which they may be formed.
Verified Answer
JK
Learning Objectives
- Grasp the concept of limited liability partnerships and the conditions under which they may be formed.
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