Tag Archives: #LLCExplained

Are LLP and LLC the same?

LLP and LLC

      Are LLP and LLC the same:   Structure: LLP is a partnership where the owners perform as partners. Partners have a direct role in the management and operations of the business.                                           … Read More »

LLP and LLC Difference

LLP and LLC difference

LLP and LLC Difference     Here are the key distinctions: 1. Structure: An LLP is a partnership where the partners have limited liability, similar to an LLC. However, an LLP also retains some characteristics of a traditional partnership, such as flexibility in management and the ability for partners to actively participate in the business’s… Read More »