Apr 07 , 2016

Tampa School of Real Estate

Limited Liability Partnership

Definition:   a business entity that features protection from personal liability but with fewer legal restrictions compared with other business entities

Pronunciation:  \ˈli-mə-təd\ \ˌlī-ə-ˈbi-lə-tē\  \ˈpärt-nər-ˌship\

Used in a Sentence:   A limited liability partnership is popular in real estate ventures.

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