Limited liability
The most common and traditional unincorporated entities are sole traders, partnerships, and trustees of trusts, and the more modern unincorporated entities include limited partnerships (LPs) (but not incorporated limited partnerships), limited liability partnerships (LLPs) (but not UK Limited Liability Partnerships which are corporations), Limited liability limited partnership (LLLPs) and limited liability companies (LLCs). Unincorporated societies and clubs are also unincorporated entities.