Limited Liability Partnership: Pros And Cons

Andrew L. Wang, NerdWallet.com
Tue, 12/01/2020 - 4:01pm

In its simplest form, a partnership is just two or more people getting together to own and run a business. But sometimes “simplest” doesn’t mean “right.” If you and your partners are lawyers and doctors, two professions at high risk for malpractice lawsuits, a limited liability partnership, or LLP, may suit your needs.

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Topics:  personal finance   
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