LLP vs Company vs Partnership: Everything You Need to Know

The LLP vs company vs partnership debate also referred to as general partnerships, and companies that generally require two or more individuals to create.3 min read

The LLP vs company vs partnership debate includes limited liability partnerships (LLPs) and partnerships, also referred to as general partnerships, and companies that generally require two or more individuals to create.

Limited Liability Partnerships Versus Partnerships

To form a general partnership, formal action is not required. This also includes no need for a written document. An LLP can be created with an expressly written contract or created with two or more individuals agreeing to be partners.

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