Examlex
Evaluate the function at
Limited Liability Partnerships
A form of partnership where some or all partners have limited liabilities, protecting them from some or all of the partnership's debts and liabilities beyond their investment.
Certificate
A document serving as proof or evidence of ownership or entitlement, such as a certificate of stock, birth certificate, or certificate of completion.
General Partner
A partner in a partnership who has unlimited personal liability for the debts of the business and takes part in its day-to-day management.
Limited Partnership
A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.
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