Under the Limited Liability Partnership structure, what are partners not liable for?

In a Limited Liability Partnership (LLP), partners are provided with a level of protection from the liabilities of the partnership. The unique aspect of an LLP is that it offers personal liability protection against certain obligations which arises solely due to their status as partners in the organization.

When it comes to partnership debts, partners can still be held liable, as they have a collective responsibility for the debts incurred by the partnership. Option B is correct because it highlights that partners are shielded from being personally responsible for partnership obligations solely based on their role within the LLP. This structure allows them to engage in business without exposing their personal assets to the debts and obligations of the partnership.

While partners in an LLP are protected from liability for the wrongful acts of other partners (as indicated in option D), they remain responsible for their own negligent or wrongful conduct, meaning they can be held accountable for their mistakes or professional malpractice. This distinction underscores the LLP’s protective features while also maintaining accountability for individual actions.

In summary, the partner's immunity from liability for partnership obligations strictly because of their partner status in an LLP is what makes option B the most accurate representation of the liability protections afforded under this business structure.