What does LLP stand for? As in the example name "Flood Law Group, LLP".
It means Limited liability partnership.
Limited liability means that the liabilities of the company (debts) can't be transferred to the partner(s) who has/have limited liability of the company.
If the company can't repay its debts, the partner(s) with limited liability can inject capital in the company, but do not have any obligations to do so.
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