What Type of Partnership Is Designed for Professionals Working in a Partnership

question 46

Multiple Choice

What type of partnership is designed for professionals working in a partnership so that partners will not be held liable for the negligent actions (and resulting liabilities) of other partners but they will still be liable for the general obligations of the business?

• A) Limited partnership.
• B) Limited liability partnership.
• C) Limited liability company.
• D) General partnership.

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Definitions:

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An American politician known for his pro-segregationist views and as the Governor of Alabama during the Civil Rights Movement.

Martin Luther King Jr.

An influential leader in the American civil rights movement, known for his use of nonviolent civil disobedience to combat racial inequality.

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African American youth attending school, historically subjected to segregation and inequality in education, particularly in the United States.

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A historical struggle, primarily during the 1950s and 1960s, aimed at ending segregation and discrimination against African Americans and securing legal recognition of their rights.