limited liability partnership
noun
: a partnership in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally
Examples of limited liability partnership in a Sentence
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The new live album marks Radiohead’s first activity since forming a new business entity—a limited liability partnership (LLP)—this March, etching a faint question mark beside their dormant status.
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Jazz Monroe, Pitchfork, 13 Aug. 2025
Mobile Greyhound Racing is a limited liability partnership that is affiliated with the Poarch Band of Creek Indians.
—Mike Cason | McAson@al.com, al, 19 Oct. 2020
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Jazz Monroe, Pitchfork, 13 Aug. 2025
Mobile Greyhound Racing is a limited liability partnership that is affiliated with the Poarch Band of Creek Indians.
—Mike Cason | McAson@al.com, al, 19 Oct. 2020
Cite this Entry
“Limited liability partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 10 Sep. 2025.
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