The Grape. Chenin Blanc is a versatile white wine grape most commonly associated with Franceâs Loire Valley, but growing in popularity in other winemaking regions in the world as well. Nowadays it is synonymous with South Africa where it is the most widely planted grape variety.
One common structure is the limited liability partnership, or LLP. A limited liability partnership is a newer form of business partnership where all of the owners have limited personal liability for the financial obligations of the business.
The corporation holds the partner's interest in the partnership, and the partner holds the shares in the corporation, creating a liability shield that is limited to just what the corporation owns. Corporations are also commonly used as general partners of limited partnerships or LPs. An LP is a type of partnership that must have at least one general partner who has unlimited liability for business debts and one limited partner who has limited liability.