Our Guides Legal Services team explains the difference between LLC and LLP so you can make the best decision on what entity type is right for your business. We will also discuss some of the best ...

One difference between an LLP and an LLC is that with the latter, you can also be held liable for your co-owner's actions. With an LLP, you're not personally responsible for your partner's bad ...

The other LLP members aren’t liable for any malpractice, negligence or similar claims. State laws and regulations vary regarding LLPs, and they aren’t an option in every state. Like an LLC ...

Here’s what you need to know about the difference between LLCs and LLPs and how to choose the best structure that suits your needs.

LLP vs. LLC An LLP and a limited liability company (LLC) both offer protections for their owners. The LLP is a formal structure that requires a written partnership agreement and usually comes with ...

An LLP works similarly to an LLC ... In these cases, your choice of LLC vs. partnership doesn't matter much. One thing LLCs and partnerships have in common is that they benefit from a written ...

Considering LLP vs. LLC structures? We recommend seeking support from a tax professional to determine which option best suits your needs. Not all states allow certain licensed professionals to ...

This is why when choosing between an LLP vs. LLC, business owners should check the state statutes to make the right decision. Don't Hesitate on Making a LLC in American Samoa American Samoa is the ...