Multiple choice

This partnership identifies who cannot lose more than the amount invested

  1. Partner Proprietorship

  2. Cooperative Partnership

  3. Limited Liability Partnership

  4. Limited Liability Corporation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In a Limited Liability Partnership (LLP), partners have limited liability, meaning they are not personally responsible for the debts of the business or the malpractice of other partners.

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