Pass-Through Taxation

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Definitions
Limited Partnership
Limited Partnership General Partner Limited Partner Business Entity Real Estate Ownership Pass-Through Taxation Double Taxation Business Management
A limited partnership is a type of business entity in which at least one partner (the general partner) manages the business and is personally liable for the debts, while other partners (limited partners) contribute capital and have limited liability.
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Definitions
LLP: Limited Liability Partnership
LLP Limited Liability Partnership Business Structure Limited Liability Partnership Pass-Through Taxation
A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership with those of a corporation. It provides its owners with limited liability protection while still allowing for the pass-through taxation benefits of a partnership.
Read more about LLP: Limited Liability Partnership.

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