# LLP

CEFR C1 · Noun

Source: https://englishreference.com/word/llp
Updated: 2026-05-10

## Definition

Stands for Limited Liability Partnership. A type of business where the owners share the work but are not personally responsible for all the company's debts.

For teachers: Abbreviation for Limited Liability Partnership, a corporate structure where partners have reduced personal responsibility for the business's legal and financial obligations. Often used in professional services like law or accounting.

## Examples

- The law firm is registered as an LLP.
- By forming an LLP, the architects protected their personal assets from the firm's potential legal liabilities.
- The transition from a traditional partnership to an LLP allowed the senior consultants to expand the firm's operations while mitigating individual exposure to the company's growing debt obligations.

## Usage notes

- Typically used as a post-nominal title in business names; functions as a countable noun when referring to the entity itself.

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