A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

A form of business organization with the liability-shield advantages ... pass-through advantages of a partnership Many states allow a business form called the limited liability company (LLC).

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...