Limited Liability Partnership - Explained

The video tutorial explains the key aspects of Limited Liability Partnerships (LLPs), including their creation, maintenance, continuity, control, and ownership. It highlights the unique personal liability protections LLPs offer, especially for professional service providers like doctors and lawyers. The tutorial also covers compensation and taxation for LLP partners, emphasizing the importance of state-specific regulations and partnership agreements.

What is the unique aspect of personal liability in a limited liability partnership compared to a general partnership?

Who can organize as a limited liability partnership and what services do they provide?