LLP
(US BUSINESS LAW) limited liability partnership; a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm. Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise. In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP. In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership. Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
The Urban Dictionary Mug
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I took time designing it but wasn't sure, online tools being what they are, that what I was seeing was for sure what I'd get. Very much appreciated the customer service communication which verified that what I'd designed was what I wanted, and the shipping was quick too.
Item came on time as promised
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Sus cup I bought the sus mug for the sus king Daequan
Good quality, packaging shipped well, arrived quickly.
My mug came in broken but Urban Dictionary replaced it at no extra charge!
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I was really excited to receive this mug and when it did come it was perfect quality. My only complaint is that the color I choose was green teal but it came in yellow.
As always, easy to order and not-too-long of a wait for the finished product to arrive. It’s well-printed, and very sturdy. A great gag present for wedding party members.
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Cute, good quality, *****!
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