Blue Sail Renewables Llp

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Information about words in this company name or address

blue

1. the pure color of a clear sky; the primary color between green and violet in the visible spectrum, an effect of light with a wavelength between 450 and 500 nm.
2. bluing.
3. something having a blue color: Place the blue next to the red.
4. a person who wears blue or is a member of a group characterized by some blue symbol: Tomorrow the blues will play the browns.
5. a member of the Union army in the American Civil War or the army itself. Cf. gray .
6. bluestocking.
7. See blue ribbon .
8. any of several blue-winged butterflies of the family Lycaenidae.
9. Print.blueline.
10. the blue,
a. the sky.
b. the sea.
c. the remote distance: They''ve vanished into the blue somewhere.
11. out of the blue, suddenly and unexpectedly: The inheritance came out of the blue as a stroke of good fortune

llp

A limited liability partnership is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP one partner is not responsible or liable for another partner''s misconduct or negligence. This is an important difference from that of a limited partnership. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. In some countries, an LLP must also have at least one "general partner" with unlimited liability. Unlike corporate shareholders, the partners have the right to manage the business directly. As opposed to that, corporate shareholders have to elect a board of directors under the laws of various state charters. The board organizes itself and hires corporate officers who then have as "corporate" individuals the legal responsibility to manage the corporation in the corporation''s best interest. An LLP also contains a different level of tax liability from that of a corporation.

Limited liability partnerships are distinct from limited partnerships in some countries, which may allow all LLP partners to have limited liability, while a limited partnership may require at least one unlimited partner and allow others to assume the role of a passive and limited liability investor. As a result, in these countries the LLP is more suited for businesses where all investors wish to take an active role in management.