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 debts or...
Limited liability partnership - Wikipedia
In China, the LLP is known as a special general partnership (Chinese: 特殊普通合伙). The organizational form is restricted to knowledge-based professions and technical service industries.
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 Company vs. Limited Liability Partnership: Key ...
Sep 12, 2025 · Get a detailed look at the differences between an LLC and LLP, including liability, management, tax treatment, and more, so that you can choose the best option for your growing …
What LLP Stands For in Law and How It Works - LegalClarity
Aug 16, 2025 · Understand the Limited Liability Partnership (LLP) as a distinct legal entity. Learn its structure, liability features, and how it compares. A Limited Liability Partnership (LLP) represents a …
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 …
Limited Liability Partnership: Pros and Cons - NerdWallet
Dec 1, 2020 · What is an LLP? An LLP is an unincorporated business owned and run by multiple people, all of whom share ownership and management responsibilities. These multiple partners enjoy limited...
Limited liability partnership: What it is and how to start one
LLPs offer pass-through taxation (avoiding corporate taxes) but require specific state registration and compliance steps to form. The question isn't if you'll start a business, but how you'll structure it.
Understanding LLP: Structure, Benefits, and Legal Protection
Oct 17, 2025 · Learn how LLPs work, their benefits, and how they differ from partnerships and LLCs. 6 min read updated on October 17, 2025. An LLP (Limited Liability Partnership) combines the flexibility …
LLP: What is a limited liability partnership? | Xero US
Dec 11, 2025 · LLP: What is a limited liability partnership? Learn how a limited liability partnership (LLP) protects your assets, streamlines taxes, and fits professional teams. Written by Jotika Teli—Certified …