Limited Liability Limited Partnership (LLLP)

This is a limited partnership that has been re-registered as a limited liability partnership to protect the general partners from liability. Previously, the general partner was a corporation to protect the principals from personal liability. Under the LLLP, an individual could be a general partner and have limited personal liability. A limited liability limited partnership designation indicates to third parties that the partnership commenced its activities as a limited partnership before converting to a limited liability partnership.