Joe is an accountant and plans to join a group of accountants. He compares a group in a general partnership with a group in a limited liability partnership (LLP). What is one advantage of the LLP that he would be particularly interested in?
(A) Joe would pay fewer taxes as a limited liability partner.
(B) Joe would make a higher percentage of the profits as a limited liability partner.
(C) Joe's personal property would not be at risk as a limited liability partner.
(D) Joe would not be liable if another partner were to make a mistake.
Ans: (D) Joe would not be liable if another partner were to make a mistake.
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