A limited partnership (LP) is a business structure where at least two partners own the company, but only one of them manages the business. A limited partnership (LP) is a business structure where ...

is a type of business structure that protects its owners from personal risk while offering the flexibility of a small business and the tax advantages of a partnership. What Is a Limited Liability ...

LLP stands for limited liability partnership ... An LLC also has more flexibility in its tax structure. An LLP must file as a partnership for tax purposes, while an LLC can choose to be taxed ...