Serous Membrane Serous Membrane is composed of a layer simple squamous epithelium resting on a thin layer of areolar connective tissue. The Serous membranes line body cavities that are closed to the exterior. Serous membrane occurs in pairs. The parietal layer lines a specific portion of the wall of the ventral body cavity. It folds in on itself to form the visceral layer, which then converts the outside of the organs in that cavity. These layers are separated by a scanty amount of thin, clear fluid, called serous fluid, which is secreted by both membranes.
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LLP. Another name for a Limited Liability Company, often used by professional associations. The partner or investor's liability is limited to the amount he/she has invested in the company. This setup typically prevents each partner from being held accountable for the wrongdoings of another partner. Although an LLP can be used in many fields, it is most commonly used in law or accounting firms. The laws relating to an LLP differ significantly between countries, and even from state to state.