LP vs. LLP: Tax Treatments and Investor Protections

If you are thinking about starting a business with partners or investing in a partnership opportunity, choosing between a limited partnership (LP) and a limited liability partnership (LLP) may affect how your income is structured for tax purposes and how much personal liability protection you actually have. In an LP, general partners typically retain control […] The post LP vs. LLP: Tax Treatments and Investor Protections appeared first on SmartReads by SmartAsset .