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  1. Limited Liability Partnership (LLP): Meaning and Features

    5 days ago · Limited liability partnerships (LLPs) allow for a partnership structure in which each partner’s liabilities are limited to the amount they put into the business. Having business partners means...

  2. 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.

  3. LLP Vs. LLC: Key Differences Between The Two Business ...

    May 30, 2024 · Here’s what you need to know about the difference between LLCs and LLPs and how to choose the best structure that suits your needs.

  4. 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 …

  5. 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 …

  6. 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 …

  7. 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 …

  8. 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.

  9. 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 …

  10. Limited Liability Partnerships (LLPs) - Overview, History ...

    Limited Liability Partnerships (LLPs) are a corporate business structure that enables entrepreneurs, professionals, and enterprises to provide services via commercially efficient vehicles suited to their …