LLP (Limited Liability Partnership)
Limited liability partnership structure that can be used flexibly for partnership-based or international arrangements, depending on the jurisdiction.
- Category
- Business, Banking & Asset Protection
- Term
- Technical term
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- 1 min
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- 21 terms
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01 · DEFINITIONWhat LLP (Limited Liability Partnership) means
An LLP, or Limited Liability Partnership, is a partnership structure in which the partners generally benefit from limited liability protection. Its legal and tax treatment varies significantly between jurisdictions, especially between the UK, Canada, and other common law countries. In international structuring, an LLP may be relevant for advisory, cooperative, investment, or partner-based arrangements where transparency, flexibility, or liability considerations matter. Its suitability always depends on the country of formation and on how it is treated in the partners’ residence jurisdictions.
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