A limited partnership (LP) is a business structure where at least two partners own the company, but only one of them manages the business. The general partner has full liability for the business ...

Investopedia / Michela Buttignol A limited liability company (LLC) is a type of business structure that protects its owners from personal risk while offering the flexibility of a small business ...

Factors like personal liability, regulations, tax treatment, etc are governed by the form of your business entity which could ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...