3 years ago

What type of partnership is characterized by the limited liability of all partners?

1 answer:

3 0

The type of partnership that is characterized by the limited liability of all partners is the limited liability partnership.

A limited liability partnership has a statutory fund divided into shares, the size of which is determined by the statutory documents, and is liable for obligations only within the limits of its contribution.

The supreme governing body is the Board of Directors. When resolving issues at a meeting of participants, the number of votes is determined in proportion to the size of each participant's share in the statutory fund.

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