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 form of business organization with the liability-shield advantages ... pass-through advantages of a partnership Many states allow a business form called the limited liability company (LLC).

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 ...

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 ...