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
my mom (Mia) loves the mug you made it is amazing you made her day #girlboss
I love da gooning mug. now i know how to goon and i can goon with my cool new gooner friends !
We really like our cup!!!
Just as described. Excellent packaging. Timely shipping. No problems here. Thanks!
Just wish it could have had a little more of the text on the mug, but otherwise it's great. What a clever marketing idea to be able to get this on t-shirts and mugs.
I spent the money and directly sent this to be the pettest person ever to a person who was doing this to me. It was awesome
It’s a sturdy ceramic mug. A little pricey, IMO, but I really wanted this definition on a mug. ¯\_(ツ)_/¯
Just what is needed for someone’s desk during the pandemic and beyond when they have to “MacGuyver” to make things happen.
Best purchase of my life, it's all downhill from here!
The Urban Dictionary offers one-of-a-kind products in its Coffee Mugs if you want to purchase something interesting. A bit off-center and not the norm. This is the place to be. Customer service is responsive to your query when asking a question. All Good.
Bought the mug, Holds up like a charm!! I was "Botello'd" by my wife so I think its fitting
Bought the mug. Holds up like a charm. I got "Botello'd" by my wife. Makes me feel nice.
Just as described. A fun line of products. Have already ordered others. Thanks!
You should get the penis mug. It's pretty elite - Elongated Muskrat
Loved how fast this arrived! Fun blast from the past... Dana Hills Dolphins!
It shows exactly what I want!!
its an alright mug. its moderate. mid. not the best. not the worst. pretty normal. if it was the weather it would be 50 degrees F. something so unexperiencing and experiencing at the same time. if it was on a number line, it would be in the center. i rate it a 5/10.
I can't believe my name became a meme. I love this mug.
Got a Fratz at home Love this mug. Fratz means kinda perky darling in my language, and since my darling loves to fratz when I'm around (that's indeed often) this is THE perfect gift for her.
Give me the mug
Review Details
Pro Customization
Create unique products with your own words and definitions
Live Preview
Personalize Your Design
Debug: Product Metadata
| Key | Value (click to copy) |
|---|---|
Copied! |
Return Policy
Made Just For You
Each product is custom-printed with your unique text, making it truly one-of-a-kind.
Defect-Free Guarantee
If your product arrives with printing defects, damage, or quality issues, we'll send you a free replacement.
Custom Orders
Due to the personalized nature of your order, we don't accept returns for change of mind or sizing issues.
Questions about your order? Contact our support team for assistance.