Limited Liability Partnership (LLP) Notes: Definitions & Explanations PDF | Download eBooks
Study Limited Liability Partnership (LLP) lecture notes PDF with strategic management definitions and explanation to study “What is Limited Liability Partnership (LLP)?”. Study limited liability partnership (llp) explanation with strategic management terms to review strategic management course for online MBA programs.
Limited Liability Partnership (LLP) Definition:
A form of legal organization consisting of general partner(s) and limited liability partner(s).
Management by Stephen P. Robbins, Mary A. Coulter
Limited Liability Partnership (LLP) Notes:
Limited liability partnership (LLP) is an association where a few or all accomplices (contingent upon the locale) have constrained liabilities. It consequently can show components of associations and partnerships. In a LLP, each accomplice isn'T dependable or at risk for another accomplice's offense or carelessness. Restricted risk organizations are unmistakable from constrained associations in certain nations, which may permit all LLP accomplices to have restricted obligation, while a constrained organization may require at any rate one boundless accomplice and enable others to expect the job of an inactive and restricted obligation speculator. Therefore, in these nations, the LLP is increasingly appropriate for organizations in which all speculators wish to play a functioning job in the executives.
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