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Sat, 02 May 2026 01:55:01 +0000

Learn the key differences in LLLP vs LLP structures, liability protection, state recognition, and business uses to choose the right partnership for your needs. LLLP stands for Limited Liability Limited Partnership. It is a variation of a limited partnership where both the general partner and limited partners receive a liability shield under state. Heres what you need to know about the difference between LLCs and LLPs and how to choose the best structure that suits your needs. A limited liability limited partnership shields general and limited partners from personal liability. But LLLPs are not recognized in all U.S. states.