Limited liability shields partners from partnership obligations while preserving personal liability for their own wrongful acts. A partner of a limited liability partnership is not personally liable for partnership obligations solely by reason of being a partner, but remains ... Summary
Limited liability shields partners from partnership obligations while preserving personal liability for their own wrongful acts.
A partner of a limited liability partnership is not personally liable for partnership obligations solely by reason of being a partner, but remains personally liable for his or her own wrongful acts or omissions; a partner is not personally liable for wrongful acts or omissions of other partners.
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