A limited partner invests money in a partnership but has restricted voting power on company business and no day-to-day involvement in the business.

The availability of “limited liability” is one of the primary reasons people choose to operate businesses in the form of corporations, limited liability partnerships (LLPs), or limited liability ...

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, and not day-to-day activity, controls who qualifies for the self-employment ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Limited liability is “a basic and fundamental rule of ...

A Limited Liability Company (LLC) is a business structure that provides limited liability protection for its owners and shareholders. It means that the company's liabilities are separate from those of ...