A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

A form of business organization with the liability-shield advantages of a ... partnership Many states allow a business form called the limited liability company (LLC). The LLC arose from business ...

See below for links to the other articles in the series. Limited liability companies (LLCs) are business entities that can be used as powerful asset protection tools and as “disaster containment ...

Limited liability close Limited liability When the business owner or owners are only responsible for business debts up to the value of their financial investment in the business. provides a ...

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. "A partner of a ...

The main difference between unlimited and limited liability is the level of risk that a business owner is willing to take. Having unlimited liability is a bigger risk for any business owner than ...