Limited liability companies (LLCs ... Profit and prosper with the best of expert advice - straight to your e-mail. Sign up LLCs are a creation of state law — formed using the statutes 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 ...

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 ...

Limited liability close Limited liability When the business owner or owners are only responsible for business debts up to the value of their financial investment in the business. provides a ...

A form of business organization with the liability-shield advantages of a ... partnership Many states allow a business form called the limited liability company (LLC). The LLC arose from business ...

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 ...