Quick Answer: What Does Lp Stand For In Business

Is LP and LLP the same?

LP and LLP mean almost the same thing, with the difference being whether limited partners can participate in management.

These kinds of partnerships are generally designed for partners who are engaged in the same type of profession, such as a law firm or an accounting firm..

What does EP and LP mean?

Back in the 20th Century, the term EP stands for Extended Play Record, referred to a type of vinyl record that was played at a different speed than the standard play records (SPs and LPs). The difference between EP and LP is that an LP is ‘Long Playing’ and generally has more than 8 tracks.

What is KT unit?

A metric kiloton (kt) is a decimal multiple of the metric unit of mass, ton, which is equal to 1,000 kg. The ton is a non-SI unit accepted for use with SI. The kiloton is also used as a unit of energy.

What does LP stand for in retail?

Retail loss preventionRetail loss prevention is a set of practices employed by retail companies to preserve profit. Profit preservation is any business activity specifically designed to reduce preventable losses. A preventable loss is any business cost caused by deliberate or inadvertent human actions, colloquially known as “shrinkage”.

What does LP stand for in the medical field?

LP. lumbar puncture. LPH. left posterior hemiblock (see heart block)

What is KT medical term?

Klippel-Trenaunay (K-T) Syndrome is characterized by a localized or diffuse capillary malformation that overlies a venous malformation and/or lymphatic malformation with associated soft tissue and bone overgrowth (hypertrophy).

What unit of measure is KT?

›› Definition: Knot A knot is a non SI unit of speed equal to one nautical mile per hour. Knot is usually abbreviated kt.

What does LP stands for?

Long PlayingWhat Is An LP Album? LP stands for Long Playing, and is another word for “album”. It’s used to define the length of a product that is made by a musician. It’s longer than a single, and also longer than a EP album.

What is LP in accounting?

Home » Accounting Dictionary » What is a Limited Partnership (LP)? Definition: A limited partnership (LP) is a partnership that has both general and limited partners. An LP must have at least one general partner and can have an unlimited number of limited partners.

limited partnershipA limited partnership (LP)—not to be confused with a limited liability partnership (LLP)—is a partnership made up of two or more partners. The general partner oversees and runs the business while limited partners do not partake in managing the business.

What does kt stand for in business?

Knowledge transferKT, acronym for Knowledge transfer, transferring knowledge from one part of an organization to another.

What is the full meaning of LP number?

Hi Anand, LP Number or L.P. … No. is the final approval number given by the authority after inspecting all technical aspects and is safe for real estate development.

What is the difference between LP and LTD?

Liability Protection Differences If you’re operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses.

What is difference between LP and LLC?

An LLC business structure provides personal asset protection to all of its members. Individual members do not bear the burden of business debts. In contrast to an LLC, an LP only offers personal liability protection to certain partners. Full personal liability rests with general partners.