Limited Liability Partnerships (LLPs) - Overview, History, How They …
https://corporatefinanceinstitute.com/resources/management/limited-liability-partnerships-llps/
webAn LLP is a distinct legal entity, which means that it can sue or be sued, and own, hold, or dispose of a property in its own name. There is no liability on a partner’s personal assets, which gives a certain degree of freedom and flexibility to the organization. There is no minimum legal requirement with regard to capital.
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