{"id":1372,"date":"2020-06-18T12:00:14","date_gmt":"2020-06-18T18:00:14","guid":{"rendered":"https:\/\/rightrisk.org\/news\/?p=1372"},"modified":"2020-07-20T16:28:22","modified_gmt":"2020-07-20T22:28:22","slug":"limited-liability-partnership","status":"publish","type":"post","link":"https:\/\/rightrisk.org\/news\/2020\/06\/18\/limited-liability-partnership\/","title":{"rendered":"Limited Liability Partnership"},"content":{"rendered":"<div id=\"attachment_001\" class=\"wp-caption alignleft\" style=\"width: 350px\"><a href=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2020\/06\/2020_06_18_RRPost.pdf\" rel=\"noopener noreferrer\" target=\"_blank\"><img decoding=\"async\" class=\"size-full wp-image-001\" title=\"RightRisk Post\" src=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2020\/06\/2020_06_18_RRPost_fb.png\" alt=\"Graphic of RightRisk Media Post\" width=\"388\" height=\"388\"><\/a><\/div>\n<p>&nbsp;<br \/>\n<strong>Limited Liability Partnerships (LLP)<\/strong> are a general partnership where all partners have limited liability as to other partner\u2019s debts and liabilities due to misconduct. Except for a very few special provisions, it is subject to the same rules as a general partnership. There are four primary differences between LLPs and general partnerships: (1) they are formed in different ways; (2) they may have different requirements concerning insurance or financial responsibility; (3) specific steps may need to be taken in order to maintain LLP status; and (4) the liability of general partners is significantly different.<\/p>\n<p>Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of  business ownership, including the Limited Liability Partnership.<\/p>\n<p>Several RISK CONCEPTS bulletins covering alternative forms of business structure were recently posted and are available for download at: <a href=\"https:\/\/RightRisk.org\/riskconcepts\" rel=\"noopener noreferrer\" target=\"_blank\">RightRisk.org\/riskconcepts<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Limited Liability Partnerships (LLP) are a general partnership where all partners have limited liability as to other partner\u2019s debts and liabilities due to misconduct. Except for a very few special provisions, it is subject to the same rules as &hellip; <a href=\"https:\/\/rightrisk.org\/news\/2020\/06\/18\/limited-liability-partnership\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rightrisk-post"],"_links":{"self":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/comments?post=1372"}],"version-history":[{"count":3,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1372\/revisions"}],"predecessor-version":[{"id":1437,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1372\/revisions\/1437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media\/6557"}],"wp:attachment":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media?parent=1372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/categories?post=1372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/tags?post=1372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}