Limited Liability Partnership (LLP)
What is it? A type of partnership recognized in a majority of states that protects a partner from personal liability for negligent acts committed by other partners or by employees not under his or her direct control. Many states restrict this type partnership to professionals, such as lawyers, accountants, architects and healthcare providers.Added By: Brooklyn
The Limited Liability Partnership (LLP) definition has been viewed 475 Time(s)!
Send To Friends!
If you'd like to send the Limited Liability Partnership (LLP) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Limited Liability Partnership (LLP). If you need any more information on this term, please don't hesitate to contact us.