# Limited Liability Partnership

**IRI:** https://folio.openlegalstandard.org/R7eNtj44HIHIEfl5hdN415d

## Labels

**Preferred Label:** LLP

**Translations:**

- de-de: Gesellschaft mit beschränkter Haftung
- fr-fr: Société à responsabilité limitée
- ja-jp: 有限責任事業組合
- pt-br: Sociedade de Responsabilidade Limitada
- zh-cn: 有限责任合伙企业

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RC3I2GwWuuKWmRJVXgxXeb

**Deprecated:** False

**Identifier:** ENTITY-LLP