Kate Springer, an attorney representing ABLE, said the main issue in the case was that the company applied as an LLP, 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 ...

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 ...

And not all PTPs are MLPs; some could be publicly traded limited liability companies (LLC) that have decided to be taxed as a partnership. Just as with ordinary shares, when investors sell shares ...

All partnership entities ... 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 ...

A form of business organization with the liability-shield advantages of ... The LLC also carries significant tax advantages over the limited partnership. For instance, unless the partner in ...

Limited liability companies (LLCs ... it is a multimember LLC and will almost always need to file an annual Form 1065 ...