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Ivanshal [37]
4 years ago
15

What is the difference between a limited partnership and a limited liability partnership?

Social Studies
1 answer:
padilas [110]4 years ago
3 0
The answer is: <span>in a limited liability partnerships, all partners are limited from liability in situations
Which means that in case the company under a limited liability partnerships went bankrupt and still have  a lot of debts after liquidation, the personal wealth of the partners are not subjected to the debt's payment.</span>
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