Accounting Basics for an LLC Chron com
However in other states, the protection is more limited–partners’ aren’t liable for other partners’ negligence, but they remain fully liable for general business obligations. Some states require LLPs to designate a general partner who is fully liable, https://vrtp.ru/index.php?act=ST&f=95&t=9690 while the other partners have limited liability. You can think of an LLC as a hybrid between …