Tag: LLP
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What You Need to Know About LLP Formation: A Flexible Business Structure for Professionals
Limited liability partnerships (LLPs) have been popular among professionals such as doctors, lawyers, dentists, and architects since the 1990s. These business structures offer an alternative to general partnerships (GPs) and limited partnerships (LPs). While the majority of states now legally recognize LLPs as a formal business structure, Texas was the first state in the country…