Skip to content
Dictionary by pitch.dog
Company forms & group structures · Core

Limited liability partnership

Also called: LLP

ELI5

A partnership form that limits some or all partners' personal liability under applicable law.

Used in conversation

“Can we state who receives the right created by limited liability partnership, and when it applies?”

Pitch context

You will see “Limited liability partnership” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

Need an investor or company deck?

Bring the business, the evidence or the half-formed ask. We help it travel beyond the spreadsheet.

See how pitch.dog can help
Sources & evidence · 3

Direct term-level sources and supporting source families.