Ads
related to: llc or llp- DBA Registration
DBA Registration In 10 Minutes With
Swyft Filings. Know More.
- Registered Agent Services
Read the Information To Know
About Registered Agent Services.
- Digital Corporate Kit
Maintain All Of Your Customized
Corporate Documents On the Cloud.
- Trademark Registration
Follow the Simple Steps To
File a Trademark Application.
- DBA Registration
quizntales.com has been visited by 1M+ users in the past month
uslegalforms.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
As in a partnership or Limited liability company (LLC), the profits of a Limited liability partnership (LLP) are allocated among the partners for tax purposes, avoiding the problem of "double taxation" often found in corporations. Some US states have combined the LP and LLP forms to create limited liability limited partnerships.
The manner of the election varies in accordance with state law. For example, in Delaware LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, while in Florida, Hawaii and Kentucky the election is made in the certificate of a limited partnership).
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . [ 1 ]
Partnership. C corporation. S corporation. Formation. Business license (and possible a “doing business as” (DBA), depending on your state), partnership agreement not required but recommended
The effect of these rules is that a U.S. limited liability company (LLC) or limited liability partnership (LLP) is treated by default as a partnership (or disregarded entity if it has only one owner), whereas a foreign LLP is treated by default as a corporation (if, as is generally the case, all its members have limited liability).
LLP (Limited liability partnership): partnerships are governed on a state-by-state basis in Australia. In Queensland, a limited liability partnership is composed of at least one general partner and one limited partner. It is thus similar to what is called a limited partnership in many countries.
Ads
related to: llc or llpquizntales.com has been visited by 1M+ users in the past month
uslegalforms.com has been visited by 100K+ users in the past month