Assertion: partnership's partner | /r/HasProperty | shielded
Facets:
value: from joint liability
type: OTHER
value: from the wrongful acts
type: OTHER
value: from liability for normal partnership activities
type: OTHER
Source sentences:
text: A Limited Liability Partnership allows all partners to be shielded from liability for normal partnership activities.
text: An LLP differs from a general partnership or a limited partnership in that all partners are shielded from the wrongful acts or negligence of other partners in an LLP.
text: No partner is liable on account of the independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful business decisions or misconduct.
text: The limited partner is shielded from personal liability based on the acts of the company, while the general partner is not.
text: No partner is liable on account of the independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful business decisions or misconduct.