What is the difference between a general partnership and a limited liability partnership (LLP)? a. In an LLP, all partners are limited from personal liability in certain situations. b. In a general partnership, all partners are exempt from personal liability. c. In an LLP, only one partner is required to be a general partner. d. In a general partnership, only one partner has unlimited personal liability for the firm’s actions.

Question

anonymous · Answer

it cannot be B as there is no exemption to all partners....it cannot be c and D either...

A is the answer

uri · Answer

Yeah A makes sense.