LLP
noun[C]
USukusLAW
abbreviationforLimited Liability Partnership: aformofcompanyin the US whoseownersmanagethebusinessdirectly, but are notlegallyresponsiblefor the company'sdebtsunder somecircumstances:
Theannouncementwas made by apartnerat Deloitte & Touche LLP, one of thelargepublicaccountingfirms.