Discover the differences between limited, general, and joint venture partnerships and learn how each impacts liability, taxes, and management control in business.

Limited liability companies, like partnerships both general and limited, are fundamentally creatures of contract law. The members agree with each other as to the business to be conducted by the LLC, ...

The One Big Beautiful Bill Act removed the last remaining argument for forming a partnership rather than a limited liability ...

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 ...

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 ...

Determining what business structure is right for you is the most crucial step before starting a business. If you’re a first-time or seasoned business owner ready to start a new venture, weighing your ...

At the very top of the housing market, the name on the deed increasingly belongs to a company, not a person. You see it in ...

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 ...

LLC loans are essentially the same as any other small-business loans, except they're specifically financing your LLC. Many, or all, of the products featured on this page are from our advertising ...