When can I use a Limited Liability Partnership?
A Limited Liability Partnership or LLP can be used by most businesses but is commonly used if you are an accountant, architects or lawyer as these types of businesses were not allowed to form Corporations due to the fact that the shareholders have a say in the business which is not ideal in professions that need to be personally licensed. A LLP remains within the control of partners and they are responsible for every aspect of the business.
Also if you want to limit …

Partnerships as a legal form of business have been around for a very long time, and has been a formation that has been recognised in common law and also under the Uniform Partnership Act, or sometimes called the (UPA.) The Uniform Partnership Act has been adopted in almost all states of America.
The process of forming a partnership is quite simple. It is the agreements between the partners that are often complex and time consuming. A partnership is defined as two or more people who must associate together to: carry on …