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
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.
It's simply awesome; and plus, the word means a lot.
Really fast and looks great! Took a chance on Christmas gift and it was a success!
Awesome mug feels really nice good weight and color although I think the shade could be a little brighter when it comes to the highlighter yellow, I am still pleased with the outcome and the fact that a whole passage was so neatly printed onto the product, very pleased with the packaging too! That made it so easy to wrap just in time for Christmas. Who knew!!
okay so the mug was mid but when you have a genz meme and give it to one of the most serious people you know then it's pretty funny
Nice mug, great feel‼️
Perfect!
Good quality ceramic cup! Worth the novelty price!
Perfect gift for my gf
Looks great! Came quick
Gave it to my nerd brother. He used it consume liquid
Love it
as a fan of non-Z-generation-UD (since 2000 more or less) , especially of old-school definitions ("phat!") (as Nick, the more time passes by, the more I reach my inner age = 75 XD) , I totally appreciated the delivery in time for Christmas! (whispering) Perhaps printing quality in the Spain printing company is not as good as in the US, but - hey! - I got it before Christmas as a gift for my thank-God-non-Gen-Z-sister! ;) hugs from the eighties, and from Italy, and thanks! Mario
This is SO cool. Morning coffee will always memorialize my new addition to the English lexicon.
Too inappropriate
Item came at appropriate time in good condition.
epic
Got exactly what I wanted. Very happy with my mug.
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