Which of the Following Is a Characteristic of a Limited-Liability

Multiple Choice

Which of the following is a characteristic of a limited-liability partnership (LLP) ?

A) One partner cannot be held responsible for the inappropriate actions of another partner.
B) Partners' personal liability is limited to the amount they have invested in the business.
C) Each partner is liable for the actions of all other partners.
D) As a separate legal entity,the partnership must pay taxes on income.