Respuesta :
Unanimous consent of the partners is required for signing checks.
Does limited liability apply to limited partnerships?
A partnership must have two or more owners who split a company's gains and losses. Partnerships can automatically form without submitting any paperwork. Every partnership ought to have a written partnership agreement outlining the One partner in a limited partnership (LP)—the general partner—has unlimited liability (s). Due to their restricted liability, the other partners (limited partners) often cannot use their personal assets to pay off business debts and liabilities. When protected by limited liability, business owners, investors, and shareholders are not liable for company debts, legal disputes, or insolvency. Examples of various business structures that provide liability protection include corporations, limited liability companies, and limited liability partnerships.
To know more about liability, refer:
https://brainly.com/question/15006644
#SPJ4
