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Ashorn Ashorn
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6 years ago
A Limited Liability Partnership (LLP) is different from a limited partnership. Which of the following is NOT true?
a. In a limited partnership there must be at least one general partner who has unlimited liability.
b. Limited partnerships are not restricted to the professions.
c. In a limited partnership, the partner’s liability is limited to the total amount of capital contributions of all partners.
d. Unlike partners in an LLP, limited partners lose their limited liability if they participate in management.
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The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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AlexStanfordAlexStanford
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