limited liability partnership

noun

Definition of limited liability partnership

: a partnership in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally

First Known Use of limited liability partnership

1980, in the meaning defined above

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Time Traveler for limited liability partnership

The first known use of limited liability partnership was in 1980

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More Definitions for limited liability partnership

limited liability partnership

Legal Definition of limited liability partnership

see partnership

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