A limited partnership (LP) is a business structure where at least two partners own the company, but only one of them manages the business. The general partner has full liability for the business ...

Professionals like doctors and lawyers often form a limited liability partnership. There may be tax benefits to forming a partnership instead of a corporation. Investopedia / Matthew Collins In a ...

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...