Question

compare limited and limited liability partnerships formulate reasons as to why a group of prospective partners might choose each in 2 short sentences and simply but not in points in sentences

Answer 1

Limited partnerships provide an opportunity for some partners to have limited liability while allowing others, known as general partners, to manage the business and assume full personal liability. In contrast, limited liability partnerships offer all partners protection from personal liability for the debts of the business, which can be appealing for professionals seeking both shared management responsibilities and security.