Limited Liability Corporation and Partnership

Fin 419

Limited Liability Corporation and Partnership

Different companies are formed every year, finding the correct type of format to create that company in to best protect the investment of the company and the partners. This paper will cover limited liability corporations and limited liability partnerships. Discovering the difference can make or break a company and their financial wellbeing.

A limited liability corporation means "capital suppliers are not subject to losses greater than the amount of their investment, transferability of shares, whereby voting and other right in the enterprise may be transferred readily from one investor to another without reconstructing the organization under law" ("Limited Liability," 2012). Using this...