A series of thermotropic liquid crystalline polyesters containing phosphorus and aromatic ether groups (TLCP‐AEs) were synthesized from p‐acetoxybenzoic acid (p‐ABA), terephthalic acid (TPA), 4,4′‐oxybis(benzoic acid) (OBBA), and acetylated 2‐(6‐oxid‐6H‐dibenz(c,e) (1,2) oxaphosphorin 6‐yl) 1,4‐benzenediol (DOPO‐AHQ). The chemical structure and the properties of TLCP‐AEs were characterized by Fourier‐transform spectroscopy (FTIR), proton nuclear magnetic resonance spectroscopy (1H NMR), differential scanning calorimetry (DSC), X‐ray diffraction (XRD), thermogravimetry analysis (TGA), scanning electronic microscopy (SEM), polarizing optical microscopy (POM), limiting oxygen index, and UL‐94 tests, respectively. The results showed that TLCP‐AEs had low and broad mesophase temperatures (230–400 °C). TLCP‐AEs also showed excellent thermal stability; their 5%‐weight‐loss temperatures were above 440 °C and the char yields at 700 °C were higher than 45 wt %. All TLCP‐AE polyesters exhibited high flame retardancy with a LOI value of higher than 70 and UL‐94 V‐0 rating. The SEM observation revealed that TLCP‐AEs had good fibrillation ability. © 2010 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 48: 1182–1189, 2010