LLP stands for limited liability partnership. As the name suggests ... comes down to first what your state allows and then what features are most important to you. Comparative assessments and ...

A family limited liability company (LLC) protects the assets of a family business from creditors. An LLC offers the protection of a corporation with the tax structure of a partnership. A family ...

A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...

A master limited partnership offers the best features of a partnership with the liquidity of a publicly traded company. In a master limited partnership, a general partner (GP) manages the ...

A partnership is a type of business that has ... Some partnerships have limited liability, and are known as Limited Liability Partnerships, or LLPs. This separates the owners from the legal ...

All partnership entities ... joint ventures, limited partnerships or limited liability partnerships should review these rules and the ownership structures. If there is a desire to opt out of ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...