Limited partnerships (LPs) and limited liability partnerships (LLPs) are both businesses with more than one owner, but unlike general partnerships, limited partnerships and limited liability partnerships offer some of their owners limited personal liability for business debts. Learn the pros and cons of LPs and LLPs, how to form them, and how to dissolve them.
What Is a Limited Partnership?
An analysis of the key risks and benefits of limited partnerships as to formation, management, legal liability, profit-sharing, and fiduciary duties.
What Is a Limited Liability Partnership (LLP)?
Learn some of the advantages of this type of partnership structure for professionals.
Limited Partnerships and Limited Liability Partnerships
Unlike general partnerships, LPs and LLPs offer some of their owners limited personal liability for business debts.
LLC vs. LLP: What Is the Difference?
Take time to weigh the pros and cons of these two different business structures.
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How to Form a Limited Liability Partnership in Texas
Here are the steps to form a limited liability partnership (LLP) in Texas.
How to Form a Limited Liability Partnership in California
Here are the steps to form a limited liability partnership (LLP) in California.
8 Steps to Dissolving a Limited Partnership
Like any business venture, general and limited partners may be faced with how to dissolve a limited partnership at some point in time.