LLP stands for limited liability partnership ... that LLPs do not. The decision ultimately comes down to first what your state allows and then what features are most important to you.

MLPs do not pay ... qualify as a master limited partnership, a company must generate all but 10% of its revenues from natural resources or real estate activities. This definition of qualifying ...

The two most common are general and limited partnerships ... on Schedule K-1 of Form 1065. Personal liability is a major concern if you use a general partnership to structure your business.

All partnership ... limited partnerships or limited liability partnerships should review these rules and the ownership structures. If there is a desire to opt out of the new rules, be certain that ...

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 ...