Partners in a general partnership could decide to form a limited liability partnership in order...
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Partners in a general partnership could decide to form a limited liability partnership in order to
| a. | give partners increased protection from personal liability based on their partnership status | |
| b. | increase the opportunities to attract outside investors should the partnership decide to issue stock | |
| c. | make management decision-making more efficient. | |
| d. | give the partnership more business opportunities that it would otherwise |
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