Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

A limited liability limited partnership is a hybrid of various business entities. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

An LLP is an unincorporated business owned and run by multiple people whose assets are protected. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

LPs invest capital and receive income, carrying no personal liability beyond their investment. GPs manage daily LP operations but face unlimited personal liability if the LP fails. LPs are taxed as ...

Opinions expressed by Entrepreneur contributors are their own. A partnership is a business form created automatically when twoor more persons engage in a business enterprise for profit.Consider the ...

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 ...

If you've started to make money on your own or with a partner, chances are you've started a business and didn't even know it. Still, the structure of your business is important, and it's worth taking ...

Explore real estate limited partnerships (RELPs), where investors pool funds for property investments, benefiting from ...

A limited liability partnership, or LLP, is a fairly new provision in laws of many states that increases the liability protection for partners in general partnerships and limited partnerships.

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences. Getting the choice of entity right at the start is crucial, since switching later ...

If you ever looked closely at a K-1 from a partnership, you might have noticed Section K - Partner's share of liabilities at year end. The liabilities come in three flavors - nonrecourse, qualified ...