Answer:
Partners who erroneously, but in good faith, believe they have become limited partners can escape liability as general partners by d) Amending the partnership agreement.
Step-by-step explanation:
Partners who erroneously but in good faith believe they are limited partners can escape that liability by either:
- Causing the appropriate certificate of limited partnership (or certificate of amendment) to be filed
- Withdrawing from any future equity participation in the enterprise.
A limited liability partnership (LLP) is a type of partnership where all partners have limited liability. All partners can also partake in management activities. This is unlike a limited partnership, where at least one general partner must have unlimited liability and limited partners cannot be part of management.