limited liability partnership (LLP) | @entreVersity | #DesignEntrepreneurship

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A relatively new form of partnership that allows professionals the tax benefits of a partnership without personal liability for the malpractice of other partners.

Cover of Frederick, O'Connor, Kuratko (2019), Entrepreneurship Theory Process Practice (Melbourne: Cengage) Glossary term from Asia-Pacific edition of Entrepreneurship Theory Process Practice (Melbourne: Cengage, 2019)

Synonyms:

limited liability partnership (LLP)

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