Business Structure

When to choose LLC over the other business structure?

By / / Research Articles / , , , , , / 5 minutes of reading

Choosing a business structure can be an arduous process. Notably for entrepreneurs, options available to incorporate as including but not limited to, the following: Sole Proprietorship Limited Liability Corporation (LLC) Limited Liability Partnership (LLP) S Corporation Non-profit Corporation With an array of selection available, it is not surprising that the decision-making process to determine which …

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The Start-up Dilemma: LLP or Private Limited Company?

By / / Research Articles / , , , , , , / 4 minutes of reading

Limited liability partnership (LLP) is a business structure that encompasses a hybrid characteristic of incorporating the good points of partnership and company. In LLP, one partner is not responsible nor liable for another partner’s misconduct or negligence. This difference unlike an unlimited partnership curtails the liability of the business partners should there be any debts …

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