A limited liability partnership generally is considered to be an association of persons rather than a separate accounting entity.

Name: A limited liability partnership generally is considered to be an association of persons rather than a separate accounting entity.
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A limited liability partnership (LLP) is considered a separate legal entity from its partners, meaning it can own property, sue or be sued, and is responsible for its own debts and obligations.

A Limited Liability Partnership Generally Is Considered to Be an Association