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Legal News & Articles

LLC vs. LP

11/2/2016

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By Jeff W. Nunes, Esq. and Christen E. Gay, Associate
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What's the difference between an LLC and an LP?

Limited Liability Company

A Limited Liability Company (LLC) is a business entity that utilizes the best practices of corporations and partnerships while avoiding many of their organizational restrictions. For example, an LLC combines the limited liability feature of a corporation with the pass-through taxation of a partnership. 

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    Rusconi, Foster & Thomas, APC

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  • Welcome
  • Services
    • Estate Planning
    • Trust & Estate Administration
    • Civil Litigation
    • Real Estate Law
    • Business Law
  • About
    • Our Attorneys >
      • J. Crandall Foster
      • John C. Clark
      • Tyler P. Krueger
      • Christen E. Bourne
      • Sean P. Dougherty
    • Our Founder
  • Articles
  • Contact