Identify a true statement about a limited liability partnership (LLP)
A. A general partner of a limited liability partnership is responsible for the negligence and irresponsibility of limited partners.
B. ?A limited partner of a limited liability partnership is responsible for the general management of the partnership business.
C. A general partner of a limited liability partnership is liable to pay tax on all the partnership income.
D. A general partner of a limited liability partnership is personally liable for all business debts.
E. A limited partner responsible for the negligence and irresponsibility of general partners.
Answer: D
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