Economics · Forms of Business Organisation
In a Limited Liability Partnership (LLP), the partners:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1cannot take part in business operations
- 2have liability limited to their agreed contribution✓
- 3are personally responsible for all business debts
- 4must belong to the exact same profession
Correct answer
have liability limited to their agreed contribution
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