Envision Partners Llp

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Information about words in this company name or address

partners

1. a person who shares or is associated with another in some action or endeavor; sharer; associate.
2. Law.
a. a person associated with another or others as a principal or a contributor of capital in a business or a joint venture, usually sharing its risks and profits.
b. See special partner.
3. See silent partner.
4. a husband or a wife; spouse.
5. either of two people who dance together: my favorite partner in the waltz.
6. a player on the same side or team as another: My tennis partner was an excellent player.
7. partners, Naut.a framework of timber round a hole in a ship''s deck, to support a mast, capstan, pump, etc.
8. to associate as a partner or partners with.
9. to serve as the partner of.

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.