Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

See below for links to the other articles in the series. Limited liability companies (LLCs) are business entities that can be ...

LLP stands for limited liability partnership. As the name suggests, an LLP provides its members with a degree of liability protection, shielding them and their personal assets. "A partner of a ...

SDI Productions / Getty Images A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by blood, adoption ...

Limited liability close Limited liability When the business owner or owners are only responsible for business debts up to the value of their financial investment in the business. provides a ...

The main difference between unlimited and limited liability is the level of risk that a business owner is willing to take. Having unlimited liability is a bigger risk for any business owner than ...