A partnership, as we all know, is a kind of business in which the liability for the business is shared by two or more partners. A limited liability partnership (LLP) is a special kind of partnership that can be formed by two or more persons. An LLP business is run by one active partner and… (read more)
Business formation can be a very confusing and time consuming process. One of the most basic decisions you will make when forming your business is whether or not to have a partnerships. While the two options of sole ownership and general partnership are well known, in the state of Texas and throughout the United States… (read more)
Partnership is a form of business in which two or more sound persons come together to form a new business with the same interest in mind. In Partnership, all partners act towards the single strategic direction and all partners are equally liable. In partnership all partners share profit and losses in the ratio agreed upon…. (read more)
