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
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.
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 26 Apr. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share