Jan 13, 2026 · A limited liability partnership (LLP) is a flexible legal and tax entity that allows partners to benefit from economies of scale while also reducing their liability.

An LLP is the partnership form of a limited liability company (LLC) and has aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's …

May 30, 2024 · What Is an LLP? A limited liability partnership is a formal structure that offers the partners at least some legal protection from the partnerships’ liabilities.

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 …

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 …

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...

Dec 11, 2025 · An LLP, on the other hand, is specifically for partnerships of two or more people. It protects partners from the debts and liabilities of other partners, which is a key reason it's popular …

Aug 16, 2025 · The acronym “LLP” stands for Limited Liability Partnership. It is a specific type of business structure that provides partners with limited personal liability for the debts and obligations of …

Oct 17, 2025 · ”What is LLP” is a common question from entrepreneurs. A limited liability partnership (LLP) is a type of organization that allows the layout of the business to be structured in a non …

Latham & Watkins, a global law firm, advises the businesses and institutions that power the global economy. We leverage our vast global resources to work relentlessly and efficiently to accomplish …