Untitled 1

What is a limited liability limited partnership (LLLP)?

An LLLP is a limited partnership wherein each general partner is not liable for the actions of other partners. They have unlimited liability, however, for their own actions in connection with the partnership. Note that many states do not have a law allowing formation of LLLPs.

Related Links:

The Privacy & Financial Shield does not offer legal advice, and nothing on this website may be considered legal advice. One should not take any action based on information contained in this website without first consulting with a qualified professional. We strongly recommend you consult with an attorney and CPA so that you may be aware of the tax and legal ramifications of a financial privacy and/or asset protection program.