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.
ASK AN EXPERT! CLICK HERE IF YOU HAVE ANY QUESTIONS
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.