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2. Limited liability limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_limited...

   The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law . An LLLP is a limited partnership , and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more ...

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   An LLC is a hybrid legal entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC is a type of unincorporated association , distinct from a corporation.

4. Flow-through entity - Wikipedia

   en.wikipedia.org/wiki/Flow-through_entity

   However, if one is the sole member of a domestic limited liability company (LLC), one is not a sole proprietor if one elects to treat the LLC as a corporation. [5] In the United States, sole proprietors "must report all business income or losses on [their] personal income tax return; the business itself is not taxed separately.

5. Partnership vs. Corporation - AOL

   www.aol.com/finance/partnership-vs-corporation...

   According to the IRS, over 29.31 million income tax returns were filed by nonfarm sole proprietors in 2021, indicating that many in the U.S. are self-employed, but beyond being a sole proprietor ...

6. List of legal entity types by country - Wikipedia

   en.wikipedia.org/wiki/List_of_legal_entity_types...

   A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a partnership is provided by the partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of ...

7. Limited liability partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_partnership

   Limited liability partnerships are distinct from limited partnerships in some countries, which may allow all LLP partners to have limited liability, while a limited partnership may require at least one unlimited partner and allow others to assume the role of a passive and limited liability investor. As a result, in these countries, the LLP is ...