Understanding a Limited Liability Partnership (LLP) To understand an LLP, it is best to start with the general partnership.A general partnership is a for-profit entity that is created by a mutual ...

What is a limited company? The company structure you choose will impact your legal obligations, liability protection, tax liabilities, and ability to raise capital. So, before you decide to start your ...

A Limited Liability Partnership (LLP) is a business structure that combines the operational flexibility of a partnership with the liability protection of a corporation. It’s an ideal option for ...

Master limited partnerships (MLPs) are entities that combine the tax benefits of a private partnership with the liquidity advantages of a stock.

The company limited by guarantee business structure can be used for a wide variety of organisations that can benefit from having a formal company structure, non-profit status and the limited liability ...

Section 704 of the Limited Liability Company Law sets forth a specific “pecking order” in which the proceeds of the liquidated assets are to be distributed.

Sole trader profits must be calculated for each tax year (April 6 – April 5). Like a limited company, accounts (i.e. a record of business income and expenses) must be prepared to determine the profits ...

On Friday, the University of Kentucky's board of trustees approved a proposal to transform the athletic department into a limited liability company called Champions Blue, LLC. The move represents ...