LP meaning in Business ?

Answer: What is Limited Partnership mean?

A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.

The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership.

As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership's activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was actually authorized by all the other partners."

reference

Full Form	Category
Laboratory Partner	Academic & Science
Lonely Planet	Academic & Science
Language Perfect	Academic & Science
Knowledge property	Academic & Science
Landscap Park	Academic & Science
Low Precipitation	Academic & Science
Locus Point	Academic & Science
Lead Palate	Academic & Science
Loan Proceed	Accounts and Finance
Loan Prospector	Banking
London Proof	Business
Loan Portfolios	Business
Lodgings Plus	Business
Labor Productivity	Business
Liquefied Petroleum	Business
Lapse Protection	Business
Limited Partnership	Business
Labor Power	Business
Liquid Propane	Chemistry
Lone Pair	Chemistry
Lebowitz and Penrose	Chemistry
Lincoln Papers	Community
Les Paul	Community
Le Peu	Community
Lucky Pick	Community
Lovely Place	Community
Loserville Park	Community
Long Playing	Community
Long-Play audio	Community
Linear Programming	Community
Large Print	Community
Long Program	Community
Linkin Park	Community
Lesson Plan	Community
Living Presence	Community
Long Play (record)	Community
Laura Pergolizzi	Community
Line Print	Community
Low Price	Community
Long Pointer	Computer Assembly Language
Long Precision	Computer Assembly Language
Labeled Precision	Computer Assembly Language
Long Play	Computer Hardware
Life Points	Computing
Long Plate	Electronics
Low Pass	Electronics
Low Power	Electronics
Local Pair	Electronics
Local Pointer	General
Love Printed	General
Low Precipation	General
Lindsay Paul	General
Life Partner	General
Lie Poisson	General
Linearly Polarized	General
Lots Pierced	General
Lanky Pants	General
Luff Perpindicular	General
Logical Point	General
Long Pants	General
Lazy Person	General
Laloo Prasad	General
Longitudinale Posteriore	General
Little Paul	General
Langmuir Probe	General
Lame Product	General
Leveraging Power	General
Linear Partitionb	General
Latvia Pashparvalac (Free Latvia)	General
Long Polished	General
Little People	General
Loud Parrot	General
Lipeng Pm	General
Letter Phoneme	General
Late Position	General
Loop	General
Level Palette	General
Level Points	General
Loft Plan	General
Little Penguin	General
Little Plastic	General
Lep Pozdrav	General
Layout Phase	General
Login And Password	General
Lame Purchase	General
Limited Partner	General
Liam Payne	General
Longitudinal Posteriore	General
Li Posuction	General
Licensed Pilot	General
Little Person	General
Lovely Patience	General
Loyal Players	General
Lady Pcer	General
London Philatelist	General
Low Punch	General
Last Puppy	General
Legislative Plaza	Governmental
Loss Prevention	Governmental
License Plate	Governmental
Libertarian Party	Governmental
Labour Party	Governmental
Low Profile	Governmental
Lower Peninsula	Governmental
Liquid Petroleum	Governmental
LIPPS, Incorporated	Governmental
Limpopo Province	Governmental
Lincoln Park	Governmental
LALAPET	Indian Railway Station
La Provisión	International
Last Posted	Internet
Let's Play	Internet
Line Plot	Maths
Limit Point	Maths
Length Perpendicular	Measurement Unit
Linear Perceptron	Medical
Light Perception	Medical
Lumbar Puncture	Medical
Left Parietal	Medical
Licensed Practitioner	Medical
Lucky Puppy	Medical
Lumbar Peritoneal	Medical
Lumbar Puncture (diagnostic procedure)	Medical
Lipoid proteinosis	Medical
Latin Percussion	Messaging
Last Position	Military and Defence
Listening Post	Military and Defence
Long Patrol	Military and Defence
Low Ping	Military and Defence
Lethal Parachute	Military and Defence
Limited Production	Military and Defence
Launch Position	Military and Defence
Linear Precedence	Networking
Linear Polarization	Physics Related
Lincoln Pacific Railway	Regional
Lisp Prefix	Softwares
Launch Pad	Space Science
Liquid Propellant	Space Science
Low Pressure	Space Science
Long Player	Sports
Light Punch	Sports
Losing Pitcher	Sports
Line Pair	Telecommunication