Offering the most liability protection, a Corporation can also be advantageous for certain business industries.
Limited Liability Companies combine the benefits of a Corporation with the favorable tax treatment of a Partnership.
General Partnerships are the simplest way to form a business between 2 or more partners. This may not be the best option due to potential liability concerns.
A Limited Partnership offers limited liability to certain partners who are designated as a Limited Partner. The General Partners are not offered limited liability.
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