A business organization that allows limited partners to enjoy limited personal liability while general ... provisions as those in a general partnership agreement-with some complex additions.

A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for ... (if the partnership agreement permits).

LLP stands for limited liability partnership. As the name suggests ... In either case, the LLP must be defined by an operating agreement, she says. Difference Between an LLP and LLC An LLC ...