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 ...