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Which two statements are correct in relation to designated members in limited liability partnerships (LLPs)?
(1) They must not take part in the day-to-day operation of the business
(2) They are responsible for filing the LLP’s accounts
(3) They are fully liable for partnership debts
(4) They have limited liability
A 1 and 4
B 2 and 4
C 2 and 3
D 1 and 3Sir, I am confused as to why the answer to this question, in the BPP kit, is B. Do they have limited liability?
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