1.

LLLP meaning in Business ?

Answer» What is Limited Liability Limited Partnership mean?

The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law. An LLLP is a limited partnership, and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more protected-liability limited partners. Typically, general partners manage the LLLP, while the limited partners' interest is purely financial. Thus, the most common use of limited partnership is for purposes of investment.

reference
Full Form Category
Library Laptop Loaner Program Academic & Science
Limited Liability Limited Partnership Business
Loma Linda Lifestyle Program Community
Limited Liability Limited Partner General
Life Long Learning in Pharmacy Medical


Discussion

No Comment Found

Related FullForms