Which of the following is true of a general partner of a limited liability partnership (LLP)?
A. A general partner of a limited liability partnership (LLP) is fully personally liable for all business debts.
B. A general partner of a limited liability partnership (LLP) cannot participate in the management of the business.
C. A general partner of a limited liability partnership (LLP) is considered as an investor only.
D. A general partner of a limited liability partnership (LLP) is liable only to the extent of his/her investment in the partnership.
E. A general partner of a limited liability partnership (LLP) is taxed for the limited partners' share of the partnership's income.
Answer: A
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