Limited Liability Partnership Deal Point™ Guidance

A limited liability partnership limits the risk of each limited partner from the negligence or other misdeeds of his other limited partners. This varies from a general partnership (two or more people co-owing a business for profit) where everyone is equally liable for the acts of every other partner. The risk is limited among owners like a corporation or limited liability partnership. Tax treatment varies.

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Posted on

February 3, 2018