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 - 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 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 …
Understanding LLP: Structure, Benefits, and Legal Protection
Oct 17, 2025 · A limited liability partnership (LLP) is a type of organization that allows the layout of the business to be structured in a non-traditional manner while reducing the liability of its owners.
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 obligations of …
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 …
LLP | LegalZoom Business & Legal Glossary
What is a limited liability partnership (LLP)? An LLP is a legal business entity that combines the flexibility of a partnership with the liability protection of a limited liability company (LLC).