A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. This is an important difference from the traditional unlimited partnership under the Partnership Act 1890, in which each partner has joint and several liability. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. In some countries, an LLP must also have at least one "general partner" with unlimited liability.
Posts about Llp
  • Judge Clifton R. Jessup Jr. Takes the Bench in Decatur, AL

    … Alabama has a new bankruptcy judge. The Honorable Clifton R. Jessup, Jr. was sworn in on March 2, 2015 and will hear cases in the Northern Division of the United States Bankruptcy Court for the Northern District of Alabama which is based in Decatur, Alabama. Judge Jessup comes to the bench from the firm of Greenberg Traurig LLP where his…

    Bradford Botes/ Bond and Botes- 157 readers -
  • Who Are the Parties to a Debt Collection Lawsuit?

    …, Selip & Stylianou, LLP (formerly known as Cohen & Slamowitz) and Rubin & Rothman. These debt collectors act more like a glorified collection agencies than they do traditional law firms. In fact, they all employ far more collection agents then they do attorneys. The debt collection attorneys use the courts as a powerful tool to force…

    The Law Offices of Robert J Nahoum- 33 readers -
  • Sued By Pressler and Pressler in NY or NJ?

    … By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint, the law-firm Pressler and Pressler, LLP is listed as the attorney for some company you have never heard of who is suing you for an old debt you’re not familiar with. WHO IS PRESSLER AND PRESSLER, LLP?: Pressler and Pressler is most often identified…

    The Law Offices of Robert J Nahoum- 46 readers -
  • Mechanics’ Liens: Part 6. No-lien agreements

    … and others to hold the owner personally liable by sending a personal liability notice, discussed in part 5 of this series. [Rev. 11/25/2014. A second last note. My thanks to my friend and colleague, Ted Waggoner of Peterson, Waggoner, & Perkins, LLP, for reminding me that mechanics’ liens are unavailable for public property without the need…

    Michael Smith/ Indiana Business Law Blog- 38 readers -
  • San Diego Contested Wills: Can you prove it?

    … of course is not going to tell. So unless someone else heard the lie, you will be hard-pressed to prove it in Court. If you can prove one of these grounds, then you are on your way to mounting a successful Will contest. Just find yourself a San Diego contested Will attorney and you will be off to the races. Albertson & Davidson, LLP 2175 Salk Avenue, Suite 180 Carlsbad, CA 92008 760.804.2711 phone 760.683.6496 fax Practice Area: …

    Keith Davidson/ Albertson & Davidson- 29 readers -
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