What are the advantages of a limited liability partnership?

Answer In the world of professionals, be it legal, medical or otherwise, many want to know they are protected, even if one of their partners makes a costly mistake. That's where the limited liability part... Read More »

Top Q&A For: What are the advantages of a limited liability ...

What is the difference between a limited liability corporation&a limited liability partnership?

A limited liability partnership (LLP) and a limited liability company (LLC) contain elements of a general partnership combined with liability protection for the business owners. In states like Cali... Read More »

Definition of a Limited Liability Partnership?

The way a company is formed depends on several factors, such as the size of the staff, the scope of its business, and the financial organization needed to handle expenditures, gains and taxation. T... Read More »

What Is a Professional Limited Liability Partnership?

A professional limited liability partnership (PLLP) is a relatively recent type of business structure in the United States and Europe. PLLPs are more frequently used in the U.K., as many U.S. compa... Read More »

What Does it Mean to Dissolve a Limited Liability Partnership?

A limited liability partership (an LLP, not to be confused with a limited partnership) is a partnership formed under state law that provides some form of limited liability for its partners. LLPs t... Read More »