| Limited Liability Partnership |
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| Thursday, 15 December 2011 14:47 |
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Limited Liability Partnership (LLP), an enterprise with ownership interests determined by written contract among the partners, all of whom must be professionals licensed or otherwise specially qualified to offer services regulated by law and must be permitted to offer services through a limited liability partnership. The partners remain personally liable for their own obligations, jointly and severally liable for partnership obligations, but have no liability for the actions of other partners.
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