Before a small business opens its doors, many business owners face an important decision: Will they structure their business as a limited liability corporation (LLC) or a limited liability partnership ...
LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...
An LLP (limited liability partnership) is essentially a general partnership, but it offers limited liability for one or multiple partners. About 40 US states allow the formation of LLPs, and the laws ...
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