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 ...

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 ...

The formation of LLCs has become increasingly common in various corporate structures. They are not only chosen by startups, but by big and established setups and corporations as well because they ...

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 ...

A limited company either has owners or operates as a partnership. In the United States, a private limited company is known as a limited liability company (LLC) if it has a one or more owners (known as ...

Brokers who plan to go into business with one or more other individuals may not realize there are several variations of partnerships to consider. In this article, I’ll describe the different types of ...

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 ...

Dan Moskowitz is a financial writer who has 4+ years of experience creating content for the online reading market. Erika Rasure is globally-recognized as a leading consumer economics subject matter ...

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.