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 ...

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).

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 ...

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 ...

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 ...