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
As always, these are well made mugs that stand up to most anything. And they make perfect gifts (in this case for dirty-minded members of a wedding party). I’m extremely pleased.
Is a great mug that I purchased as a gag gift for a coworker. You know the one who also as interesting words/phrases that only urban dictionary can explain. Great as a coffee mug and better as conversation piece!
👍
The mug exceeded my expectations. Really excellent quality and build
Jim, you’re a fucking idiot interfering with accurate ratings and legitimate feedback. Get a hobby.
Great gift!
A little spendy, but worth it.
My wife kept talking about "ways out" being a Denver version of "psych" and she was right, so I got her this once I found it on UD. She loved it!
It's a great mug, will reccomend to family members my grandma gave me this mug for christmas and it was by far the best gift i got.
It arrived three weeks after ordering but given the holiday rush and inability of shipping to keep on schedule arrived late but was perfect little gift from me to my wife for her morning coffee with her "nickname" on the mug.
I liked the photo on your website and so I ordered the mug. You sent it right away, and it looks great!
Arrived carefully packaged
me and the boys when i get vodka mug
I ordered 3 of your mugs, with different names on them. There was a typo in the information about the name on the back of each of the mugs. This wasn’t a dealbreaker because the people who received them liked them. However, it would be nice if somebody who has basic proficiency in spelling English words could proofread the script for all of your names before they’re prepared.
Arrived on time. Great packaging. Communication with vendor was top-notch. High quality item.
I love it! Thanks! So
Great present for a retiring colleague with custom saying she's known for!
Loved this mug! So unique and you can edit the text to add something unique.
I gave it to my friend who took money from me and never returned.
I love the fact that I was able to customize my name since I've never been able to find anything with my name. The only downside is it's smaller than I thought it would be (I guess I didn't pay much attention to that), wish it was bigger, only about 10 oz total.
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