What is Limited liability partnership?
A '''limited liability partnership (LLP)''' is a [[Types of business entity|type of business entity]]. They are owned by two or more people. These people have signed an agreement on how they will run the business, and how the profits will be split. The partners have limited liability. <ref>{{cite web|title=Companies House: guidance for limited companies, partnerships and other company types|url=https://www.gov.uk/government/collections/companies-house-guidance-for-limited-companies-partnerships-and-other-company-types|work=companieshouse.gov.uk}}</ref> They are not responsible for any another partner's [[negligence]] or bad behavior. They partners manage the business directly. [[Accounting|Accountant]]<nowiki/>s, [[lawyer]]<nowiki/>s and [[Medical doctor|doctors]] often form partnerships. The laws about partnerships is different in different countries. == References == <references /> [[Category:Business law]]