Question

question 9
what is the primary difference between a limited partnership and a limited liability partnership?
o a. limited partners in a limited liability partnership cant terminate the partnership
o b. limited partners in a limited liability partnership can actively participate in the partnerships management
o c. limited partners in a limited liability partnership must pay more in taxes
o d. none of the above

Explanation:

• In a limited partnership, limited partners generally cannot actively participate in management. In a limited liability partnership, partners (including those similar to limited partners in some aspects) can have more management - related rights.
• Limited partners in a limited liability partnership can actively participate in the partnership's management, which is a key difference from a traditional limited partnership.

Answer:

B. Limited partners in a limited liability partnership can actively participate in the partnership's management