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It provides for equal deposits of capital, a fair distribution of profits and losses, that all partners carry out a principal activity in the enterprise and that they act jointly, that no member may be excluded without the unanimous written consent of all members and that two designated members are appointed. Put your business partnership on a secure basis with a Limited Security Partnership (LLP) agreement that limits your liability and establishes clear rules for power and profit sharing. This simple limited liability company is ideal for companies run by multiple owners and managers, as it combines the flexibility of traditional partnership with the advantages of the restricted company.