LLP
/ʝp/from spelling rules
The English phrase 'limited liability partnership' is translated into Spanish as LLP.
In Spanish, the acronym LLP is used to refer to a limited liability partnership.
Meaning: limited liability partnership (noun)
How do you pronounce it?
/ʝp/
Did you know?
- The letter 'L' in Spanish is pronounced ele, but in the acronym LLP, a Spanish speaker might naturally try to pronounce the double 'L' as a single sound like ye if they treat it as a word.
- Spain does not have a direct legal equivalent to the Anglo-American LLP, so lawyers often describe it as a sociedad profesional to explain its purpose to local clients.
- In many Latin American countries, the concept of limited liability is handled through a sociedad de responsabilidad limitada, often abbreviated as SRL, which is the closest local relative to an LLP.
Examples in context
- La estructura de la LLP es muy ventajosa.The LLP structure is very advantageous.
Example conversation
Alejandro and Elena are discussing their business legal structure at a cafe.
- Alejandro¿Prefieres una sociedad de responsabilidad limitada o una LLP?Do you prefer a limited liability company or an LLP?
- ElenaCreo que una LLP es mejor para nosotros.I think an LLP is better for us.
- AlejandroElena, ¿has consultado con el abogado sobre la LLP?Elena, have you consulted with the lawyer about the LLP?
- ElenaSí, ya revisamos todos los documentos.Yes, we already reviewed all the documents.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
