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What is Limited Liability Limited Partnership mean?
The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law. An LLLP is a limited partnership, and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more protected-liability limited partners. Typically, general partners manage the LLLP, while the limited partners' interest is purely financial. Thus, the most common use of limited partnership is for purposes of investment.
reference| Full Form | Category |
|---|---|
| Library Laptop Loaner Program | Academic & Science |
| Limited Liability Limited Partnership | Business |
| Loma Linda Lifestyle Program | Community |
| Limited Liability Limited Partner | General |
| Life Long Learning in Pharmacy | Medical |
Posted on 25 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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