Multiple Choice
Which one of the following statements is TRUE regarding a partner's personal liability for partnership assets?
A) LLC members can never be liable for entity debts.
B) In a limited partnership, all partners have limited liability for partnership debts.
C) In a limited liability partnership, the partner might be subject to liability for other partners' malpractice.
D) In a general partnership, all partners are liable for entity debts
E) None of the above statements are true.
Correct Answer:

Verified
Correct Answer:
Verified
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