limited-liability partnership

limited-liability partnership

A partnership in which a partner is not liable for a negligent act committed by another partner or by an employee not under the partner’s supervision.

? All states have enacted statutes that allow a business (typically a law firm or accounting firm) to register as this type of partnership. ¡ª Abbr. L.L.P. [Cases: Partnership 371. C.J.S. Partnership ¡ì¡ì 429, 431, 438.]


What is the legal equivalence of limited-liability partnership in Chinese?
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