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 ...

Because of the nature of their interest in a business, silent partners have limited liability that extends only up to the amount of capital they invest in the business. As a result, they can ...

As of January 1, 2025, new reporting requirements and annual filings under Pennsylvania Act 122 of 2022 have become effective ...

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

A US-based private fund commonly uses either a Delaware limited partnership or a Delaware LLC as its legal entity. However, it's typical to see a nested structure in which the fund is a limited ...

A form of business organization with the liability-shield advantages ... significant tax advantages over the limited partnership. For instance, unless the partner in a limited partnership assumes ...

limited partnerships or limited liability partnerships should review these rules and the ownership structures. If there is a desire to opt out of the new rules, be certain that you do not have any ...

SDI Productions / Getty Images A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by blood, adoption ...

See below for links to the other articles in the series. Limited liability companies (LLCs) are business entities that can be used as powerful asset protection tools and as “disaster containment ...

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 ...