Limited Liability Partnership (LLP): Meaning and Features
Nov 8, 2025 · What Is a Limited Liability Partnership (LLP)? A limited liability partnership (LLP) is a flexible legal and tax entity where every partner has a limited personal liability for the...
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 …
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 an LLLP? - FindLaw
Oct 24, 2025 · A limited liability limited partnership (LLLP) is a legal business structure that provides limited liability protection to all partners including general and limited partners. A limited liability …
LIMITED LIABILITY PARTNERSHIP Definition & Meaning - Merriam …
Aug 13, 2025 · The meaning of LIMITED LIABILITY PARTNERSHIP is a partnership in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally.
What is a Limited Liability Partnership? | ZenBusiness
Jun 27, 2025 · What is a limited liability partnership? A limited liability partnership (LLP) is a business entity structure. At its core, an LLP is a partnership composed of two or more individuals who agree …
What is a Limited Liability Partnership: Definition & Key Features
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 …
What Is an LLLP (Limited Liability Limited Partnership)?
Dec 2, 2020 · 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...
What is a limited liability partnership? (LLP)
Oct 24, 2024 · A limited liability partnership (LLP) is a legal entity that allows business partners to benefit from limited liability, meaning that their personal assets are protected from the debts and liabilities of …