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 ...

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 ...

Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. While the limited liability feature is similar ...