
Limited Liability Partnership (LLP): Meaning and Features
5 days ago · A limited liability partnership (LLP) is a flexible legal and tax entity in which every partner has a limited personal liability for the debts or claims of the partnership.
limited liability partnership (LLP) | Legal Information Institute
Limited liability partnership (LLP) is a type of general partnership where every partner has a limited personal liability for the debts of the partnership. Partners will not be liable for the tortious damages …
What is a Limited Liability Partnership: Definition & Key ...
Apr 29, 2025 · What Is a Limited Liability Partnership (LLP)? A Limited Liability Partnership (LLP) is a hybrid business structure that combines the operational flexibility of partnerships with the liability …
Limited liability partnership - Wikipedia
A limited liability partnership (LLP) is a partnership in which some or all of the partners have limited liability. An LLP is the partnership form of a limited liability company (LLC) and has aspects of both …
Limited Liability Partnerships (LLPs) Under the Law - Justia
Oct 18, 2025 · Much like limited partnerships, limited liability partnerships (often known by the acronym LLP) are an alternative to general partnerships that allows business owners to limit their personal …
What Is a Limited Liability Partnership (LLP)? - LegalClarity
Dec 8, 2025 · The Limited Liability Partnership (LLP) is a statutory business structure that blends the operational flexibility of a traditional partnership with the liability shield typically associated with a …
What Is an LLLP (Limited Liability Limited Partnership)?
What is an LLLP? An LLLP — limited liability limited partnership — is a newer type of legal entity your business can choose as its legal structure. It’s a hybrid of other types of business...