what does L L P mean after a business name?

Answer 1

LLP is just a way of letting people know what type of business it is.

Wikipedia says:
"A limited liability partnership (LLP) is a form of business organization combining elements of partnerships and corporations. In an LLP, all partners have a form of limited liability, similar to that of the shareholders of a corporation. However, the partners have the right to manage the business directly, and (in many areas) a different level of tax liability than in a corporation.

Limited liability partnerships are distinct from limited partnerships, in that limited liability is granted to all partners, not to a subset of non-managing "limited partners." As a result the LLP is more suited for businesses where all investors wish to take an active role in management. However, some US states have combined the two forms to create limited liability limited partnerships.

Although found in many business fields, the LLP is an especially popular form of organization among professionals, particularly lawyers, accountants and architects. In some U.S. states (including California and New York), LLPs can only be formed for such professional uses."

Answer 2

Limited Liability Partnership

Answer 3

Limited Liability Partnership

Answer 4

Limited Liability Partnership

Answer 5

This Site Might Help You.

RE:
what does L L P mean after a business name?

Answer 6

Limited Law Partnership

Answer 7

Limited Liability Partnership

LLPs are popular because, similar to a corporations, owners of the involved companies have limited personal liability for the debts and actions of the LLP.

Answer 8

Limited Liability Partnership. The owners are only responsible for what they put into the business. If the business fails, creditors cannot sue the owners for the business's debts.

Answer 9

What Does Llp Mean

Answer 10

limited liability partnership