Limited Liability & Partnership
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF139
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF139
|
| Language-specific name. Monolingual name | Limited Liability & Partnership (en) |
| Language-specific short name. Monolingual short name | Ltd.Liab.&Ps. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A partnership structure that offers limited liability to partners. In this type of partnership, at least one partner has unlimited liability while the liability of other partners is limited to their investment in the partnership. It combines the benefits of a limited liability company with the flexibility and shared decision-making of a partnership. |