|Definition||:||Limited Liability Partnership|
|Category||:||Business » Business Terms|
What does LLP mean?
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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Frequently Asked Questions (FAQ)
What is the full form of LLP?
The full form of LLP is Limited Liability Partnership