Limited Liability Partnership

A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability.

UK Company Formation

An LLP is similar in some ways to a standard Partnership, except that the individual members have lower liabilities to any debts which may arise from running the business.

There are more administrative duties involved compared to the usual business structure. In fact, an LLP is more similar to operating a limited company.