limited liability partnership

A partnership in which a partner is not liable for a negligent act committed by another partner or by an employee not under the partner’s supervision.

• All states have enacted statutes that allow a business (typically a law firm or accounting firm) to register as this type of partnership. — Abbr. L.L.P. [Cases: Partnership 371. C.J.S. Partnership §§ 429, 431, 438.]

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词条贡献者

资深译员Sheldon，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关零售和消费品领域的法律文件。