Definition of limited liability partnership
Answers
Answered by
3
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements ofpartnerships and corporations. In anLLP, each partner is not responsible orliable for another partner's misconduct or negligence.
Similar questions
Political Science,
8 months ago
Geography,
1 year ago
Computer Science,
1 year ago
Biology,
1 year ago