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Limited liability Company (LLC)

A limited liability company, or LLC, is a business entity that provides limited liability protection to its owners. LLCs are popular among small businesses because they offer the flexibility of a sole proprietorship or partnership with the added benefit of limited personal liability for the owners. In other words, LLC owners are not personally responsible …

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Limited Partnership

A limited partnership is a type of business entity in which one or more partners (the general partners) manage the company and assume liability for its debts, while another group of partners (the limited partners) invests capital and shares in the profits and losses. The limited partners have a limited liability, meaning that they are …

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