Investopedia / Michela Buttignol A limited liability company (LLC) is a type of business structure that protects its owners from personal risk while offering the flexibility of a small business ...

A limited partnership (LP) is a business structure where at least two partners own the company, but only one of them manages the business. A limited partnership (LP) is a business structure where ...

Understanding this difference and choosing the structure that will suit you ... The main difference between a limited and unlimited company is in liabilities as given under. What is a limited ...