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

Recent Examples on the Web 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

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'limited liability partnership.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1980, in the meaning defined above

Time Traveler
The first known use of limited liability partnership was in 1980

Dictionary Entries Near limited liability partnership

Cite this Entry

“Limited liability partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 1 Oct. 2023.

Legal Definition

limited liability partnership

see partnership

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