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 ...

For a general overview of the different types of business entities, see my other article Choosing the Correct Business Entity: The Basics. For a quick reference, see also the chart in our article ...

Since the creation of the limited liability partnership (LLP) business structure option, it has been popular especially with business professionals such as lawyers. While in some states, such as Texas ...

The choice of a business form carries tax and liability consequences for the business's owners. General partnerships and limited liability companies, or LLCs, shield owners from double-taxation of ...

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 ...

The Court of Federal Claims recently ruled that an interest in a Texas limited liability company (LLC) was not a limited partnership interest held as a limited partner for purposes of the passive loss ...

(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series here.) When you're getting started in business, it can be tempting to rush through to get to the ...

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 ...

A limited liability limited partnership is a hybrid of various business entities. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...