In which type of partnership may partners be shielded from personal liability for the malpractice of their partners?

In a Limited Liability Partnership (LLP), partners can be shielded from personal liability for the malpractice of their partners. This is a key feature of LLPs, offering a level of protection that allows partners to limit their exposure to the negligent acts or misconduct of other partners. Consequently, while an individual partner may still be liable for their own professional malpractice, they are not held personally liable for actions taken by another partner.

This structure is particularly appealing to professionals such as lawyers, accountants, and architects, where the risk of malpractice claims is higher. In an LLP, the entity itself provides some degree of protection for its members from personal liability, which encourages collaboration while maintaining a safeguard against financial ruin due to a partner's malpractice.

Other partnership types do not provide the same level of protection. In a General Partnership, all partners share unlimited personal liability for the debts and obligations of the partnership, including those stemming from a partner's malpractice. A Limited Partnership allows for some partners to be limited in their liability, but at least one partner must have unlimited liability, which does not protect against malpractice by other partners. A Professional Corporation provides limited liability protection but involves a different corporate structure that often requires adherence to specific state regulations, especially for professional practice.

Thus, the