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Learn the differences and similarities of these two partnership types so you know which business entity to choose. Many, or all, of the products featured on this page are from our advertising partners ...

Chauncey grew up on a farm in rural northern California. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

LPs invest capital and receive income, carrying no personal liability beyond their investment. GPs manage daily LP operations but face unlimited personal liability if the LP fails. LPs are taxed as ...

The reality of health care practice in the 21st century is that lawsuits and liability lurk in the background for physicians. In the quest to protect themselves from future litigation, many physicians ...

The artist Christo sets up all his projects as limited liability corporations. Photo by Tim P. Whitby/Tim P. Whitby/Getty Images for Serpentine Galleries With an eye on protecting themselves from one ...

Adam Leitman Bailey and John Desiderio discuss the judicial hurdles which must first be overcome to achieve an LLC dissolution and how New York courts, in such cases, have determined the rules for ...