LLP stands for Limited Liability Partnership, used for equity structure arrangements.
LLP is an efficient investment vehicle that allows the Investors to benefit from the profits of the Issuer and LLP can generate capital investments in the Issuer by having unlimited number of Partners in the LLP (vs Sdn Bhd where max no. of Shareholders is 50 only).
Will the Partners be liable in case the Issuer is insolvent or if the Issuer is being sued?
No, the Partners are only liable up to the amount of their investment sum. They do not need to be responsible in case the Issuer is insolvent or if the Issuer is being sued.