A limited liability partnership provides the owners of a small business partnership benefits that a general partnership does not. To understand the structure of a limited liability partnership, it's ...

A managing partner filed an involuntary chapter 7 petition against a professional limited liability partnership. The bankruptcy court denied the petition and dismissed the case based on its ...

Under the U.S. Treasury’s “check-the-box” regulations (Treas. Reg. § 301.7701-3), a domestic non-corporation business entity with only one U.S. owner is “disregarded” for income tax purposes unless ...

A big worry for many business owners is that if things go bad, a disgruntled customer might sue them. If one member of a general partnership screws up, every member is potentially liable for paying ...