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.

This content is for Premium Plus and Premium members only.
Log In Register
Print Friendly, PDF & Email
Skills

Posted on

February 3, 2018