A Business Organizational Form Designed For Professionals Who Normally Do Business As Partners In A Partnership. The Llp Is A Pass-through Entity For Tax Purposes - Like The General Partnership - But Limits The Personal Liability Of Partners.

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1. A Business Organizational Form Designed For Professionals Who Normally Do Business As Partners In A Partnership. The Llp Is A Pass-through Entity For Tax Purposes - Like The General Partnership - But Limits The Personal Liability Of Partners.