Limited liability partnership

Rarity: Common

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

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 partnerships and corporations.

Excerpt from the Wikipedia article “Limited liability partnership”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Original: MisterMatt Vector: MesserWoland, CC BY-SA 3.0, via Wikimedia Commons.