Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes, and management control in business.

Limited liability insurance is coverage for a partner in a business. This type of insurance provides protection for individuals, not a collective, and protects personal and private assets. Much like a ...

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 ...

Business owners seeking to limit their personal liability for the actions and debts of the company may structure the business as a limited liability partnership or as a limited liability company.

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 ...

Limited liability companies, like partnerships both general and limited, are fundamentally creatures of contract law. The members agree with each other as to the business to be conducted by the LLC, ...

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 ...

The biggest decision you’ll make as a new business owner is whether you want to set up as an unlimited liability company or not. How you structure your new business will have lasting implications for ...