A partnership is a form of business that has more than one owner. A limited liability partnership (LLP) incorporates some elements of a corporation and some elements of a partnership. An LLP offers ...

A managing partner filed an involuntary chapter 7 petition against a professional limited liability partnership. The bankruptcy court denied the petition and dismissed the case based on its ...

Entrepreneurship is not a cake-walk; we have seldom heard of a one-man show to be successful. Most times a startup is a journey of a team. Mostly people start their venture with their friends or ...

A limited liability partnership provides the owners of a small business partnership benefits that a general partnership does not. To understand the structure of a limited liability partnership, it's ...

A limited liability partnership (LLP) limits the scope of exposure that general partners must face due to partnership debts, liabilities and malpractice. Texas enacted the first ever LLP law in 1991.

Two important principles governing corporate entities are: (1) the entity is legally distinct from its owners; and (2) the entity’s property and assets belong to the entity, not its owners. These ...

About seven years ago, a new form of business association was introduced in Kenya and that is the Limited Liability Partnership (LLP). Prior to that, Kenya had about six types of business associations ...

It can be argued that the first requirement of the ‘successful’ business structure is limited liability: without this protection against failure, many businesses would simply not assume the commercial ...

Limited Liability Partnership (LLP) is a newly established business format in India. This business format includes features of both a Partnership Firm and Company. Thus, the Limited Liability ...

THE limited liability partnership (LLP) law has come to our shores. The law was gazetted on Feb 9. Although the LLP has been introduced in many countries, with variations of its features, the broad ...