Limited liability partnership - Wikipedia
An LLP is the partnership form of a limited liability company (LLC) and has aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another …
Limited Liability Partnership (LLP): Meaning and Features
Nov 8, 2025 · A limited liability partnership (LLP) is a flexible legal and tax entity that allows partners to benefit from economies of scale while also reducing their liability.
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 …
Understanding LLP: Structure, Benefits, and Legal Protection
Oct 17, 2025 · An LLP (Limited Liability Partnership) combines the flexibility of a traditional partnership with the liability protection of a corporation. Partners share management duties but …
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 …
What LLP Stands For in Law and How It Works - LegalClarity
Aug 16, 2025 · The acronym “LLP” stands for Limited Liability Partnership. It is a specific type of business structure that provides partners with limited personal liability for the debts and …
LLP: What is a limited liability partnership? | Xero US
Dec 11, 2025 · An LLP, on the other hand, is specifically for partnerships of two or more people. It protects partners from the debts and liabilities of other partners, which is a key reason it's …