Which of the following business entities is a type of partnership?

A limited liability partnership (LLP) is a type of partnership that combines elements of both partnerships and corporations. In an LLP, partners can enjoy limited personal liability for business debts and obligations, which protects their personal assets. This structure is designed to provide the flexibility of a partnership while offering some degree of liability protection, making it an appealing choice for professional businesses such as law firms and accounting firms.

The other options do not fit the characteristics of a partnership. A corporation is a separate legal entity that protects its owners from personal liability, and it operates under different rules concerning taxation and governance. A sole proprietorship, on the other hand, is a business owned and run by one individual, which does not involve partners or partner liability. Lastly, a real estate syndicate typically refers to a group of investors pooling resources to invest in real estate projects, which can be structured in various ways but does not conform to the traditional definition of a partnership in the same sense as an LLP.