A limited liability partnership (LLP) limits the scope of exposure that general partners must face due to partnership debts, liabilities and malpractice. Texas enacted the first ever LLP law in 1991.

In certain circumstances, two or more people organize their business as a limited liability partnership to receive some unique benefits. LLPs are often used by professional services businesses, like ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Starting a business is all about taking things one step at a time. One big ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

Learn about limited partnerships, how they compare with other partnerships and how to form a limited partnership. Many, or all, of the products featured on this page are from our advertising partners ...

Opinions expressed by Entrepreneur contributors are their own. A partnership is a business form created automatically when twoor more persons engage in a business enterprise for profit.Consider the ...

Before a small business opens its doors, many business owners face an important decision: Will they structure their business as a limited liability corporation (LLC) or a limited liability partnership ...

A business entity is formed to conduct business activities. Learn about the different types and how to choose one. Many, or all, of the products featured on this page are from our advertising partners ...

Selecting the right business structure forms the groundwork for organizational effectiveness, asset protection, and financial transparency. This decision influences the company’s ability to raise ...

The Limited Liability Company (LLC), a hybrid of the partnership and the corporation, has become a popular legal alternative for business owners. Now available in almost all states, the LLC combines ...

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. [Sign up for stock news ...