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Texas LLP, Limited Liability Partnership Texas


Two or more partners formed to conduct a business jointly, and in which one or more of the partners is liable only to the extent of the amount of money they have invested. Limited partners do not receive dividends, but enjoy direct access to the flow of income and expenses.

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 Choosing an ownership structure for your business can be complicated. To find out whether an S corporation, a C corporation or an LLC is the best fit for your company, consult a tax lawyer or an experienced accountant who is knowledgeable about tax advantages and disadvantages of the various types of ownership structures.

Slater Kennon & Jameson, LLP Click here if you have a general question. Click here if you want to  form a new entity and retain an attorney. Click here if you want to form an entity but don't know which type is best suited to your needs.

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