A limited liability partnership protects partners from wrongful acts of the partners is True
A limited liability partnership (also known as a "LLP" or "limited partnership with limited liability") is a type of business structure that exempts the partners from the debts and obligations of the other partners. Partners are additionally protected from some obligations and liabilities of the partnership itself.
One of the most alluring benefits of entering into a partnership is that claims are made against the partnership as a whole rather than specifically against one partner. This indicates that no one partner is personally accountable in a limited liability partnership. Because of this, limited liability partnerships differ from general partnerships.
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