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  2. Limited liability partnership - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_partnership

    Limited liability partnerships emerged in the early 1990s: while only two states allowed LLPs in 1992, over forty had adopted LLP statutes by the time LLPs were added to the Uniform Partnership Act in 1996. [23] The limited liability partnership was formed in the aftermath of the collapse of real estate and energy prices in Texas in the 1980s.

  3. Limited liability limited partnership - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_limited...

    The manner of the election varies in accordance with state law. For example, in Delaware LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, while in Florida, Hawaii and Kentucky the election is made in the certificate of a limited partnership).

  4. What Is a Limited Liability Partnership (LLP)? - AOL

    www.aol.com/news/limited-liability-partnership...

    A partnership is a form of business that has more than one owner. A limited liability partnership (LLP) incorporates some elements of a corporation and some elements of a partnership.

  5. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    Limited Liability PartnershipLiability is limited and similar to Partnership except for registration is mandatory and liability is limited. At least two partners are 'designated partner' (equivalent to directors in the company), who manages day-to-day working.

  6. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]

  7. Unincorporated entity - Wikipedia

    en.wikipedia.org/wiki/Unincorporated_entity

    The most common and traditional unincorporated entities are sole traders, partnerships, and trustees of trusts. Modern unincorporated entities include limited partnerships (but not incorporated limited partnerships), limited liability partnerships (but not UK Limited Liability Partnerships, which are corporations), Limited liability limited partnerships, and limited liability companies.