Limited partnerships and llps · Select one

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Meridian Tax Advisors LLP is a four partner accounting firm in Ohio that filed a statement of qualification as a limited liability partnership in 2022 and has kept the filing current. In February 2026 partner Julia Strand negligently prepared a corporate return for Copper Kettle Brewing, which as a result paid $90,000 in penalties. Her partner Amir Haddad had no involvement with the client, never reviewed the return, and did not supervise Julia. Copper Kettle sues the firm, Julia, and Amir. The firm's malpractice policy has lapsed, and its assets will not cover the claim.

What is Amir's personal exposure on Copper Kettle's claim?

Choose one answer.

A. None, because after the statement of qualification partners are not personally liable for partnership obligations solely by reason of being partners, although Julia remains liable for her own negligence.B. Full joint and several liability, because the LLP shield protects partners only from the firm's contract obligations, not from tort claims.C. Full liability, because the shield protects partners only against a co-partner's intentional misconduct, not against ordinary malpractice.D. None, and Julia is also protected, because the statement of qualification converted the firm into a corporation whose owners are never personally liable.

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Question ID: business-associations-mcq-c2-03 · Report an issue with this ID · Coverage and review status