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Definition | : | Limited Liability Partnership |
Category | : | Business » Business Terms |
Country/ Region |
: | Worldwide
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Initialism
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Limited Liability Partnership (LLP) is a form of business partnership between at least two business partners where some or all partners have limited personal liability for the financial obligations of the business. It combines the aspects of partnership and corporation. In LLP, each partner enjoys limited personal liability for the other partner's acts.
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The full form of LLP is Limited Liability Partnership
Limited Liability Partnership | Leadless Leadframe Package | Lower-Layer Protocol