limited liability partnership
noun
: a partnership in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally
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Mobile Greyhound Racing is a limited liability partnership that is affiliated with the Poarch Band of Creek Indians.
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Mike Cason | McAson@al.com, al, 19 Oct. 2020
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Mike Cason | McAson@al.com, al, 19 Oct. 2020
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“Limited liability partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability%20partnership. Accessed 14 Nov. 2024.
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