Creation and Maintenance • Continuity • • Ownership Control • Limited Personal Liability • • Compensation Taxation • http://thebusinessprofessor.com/limited-partnership-explained/ Resource Document: • 18. What are the main characteristics of a limited liability partnership? Creation & Maintenance • Continuity • • Ownership Control • Limited Personal Liability • • Compensation Taxation • 19. What are the main characteristics of a limited liability company? Creation and Maintenance • Continuity • Ownership • Control • Member-Managed LLCs Manager-Managed LLCs Limited Personal Liability • Compensation •
• Creation and Maintenance • Continuity • Ownership • Control • Limited Personal Liability • Compensation • Taxation • Resource Document: http://thebusinessprofessor.com/limited-partnership-explained/ 18. What are the main characteristics of a limited liability partnership? • Creation & Maintenance • Continuity • Ownership • Control • Limited Personal Liability • Compensation • Taxation 19. What are the main characteristics of a limited liability company? • Creation and Maintenance • Continuity • Ownership • Control Member-Managed LLCs Manager-Managed LLCs • Limited Personal Liability • Compensation
SO-12.docx