Limited Liability Partnership
type: Class
preferred label: LLP
alternative label: 有限责任合伙企业
subclass of: RC3I2GwWuuKWmRJVXgxXeb
definition: A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In a LLP, each partner is not responsible or liable for another partner's misconduct or negligence.