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 ...

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 ...

When running a small business, an important benefit for yourself and your employees is health insurance. A medical expense reimbursement account is one advantageous way for your employees to pay for ...

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 ...

What Is a Limited Liability Partnership (LLP)? A limited liability partnership (LLP) is a flexible legal and tax entity where every partner has a limited personal liability for the debts or claims of ...

Limited liability partnerships, or LLPs, came into existence in the United States in 1991 when the state of Texas signed the first LLP law into existence. Many other states soon followed. LLPs provide ...