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Online Asset Protection Quiz.

How does a limited liability company differ from a limited partnership?

A limited liability company (LLC) is a hybrid between a corporation and limited partnership and it features the advantages of each. LLC managers have no personal liability for the debts of the LLC. This compares to officers and directors of a corporation. However, general partners of an LP are personally liable for the partnership debts. LLC membership interests have the same protection as do LP interests. The LLC member's creditor only has the same charging order remedy.

Categories: Asset Protection


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The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050