Partnerships location no caps on business liabilities. Consequently, proprietors might have their assets seized to repay debts. Not like an LLC, partnerships usually are not authorized entities in themselves. "[six] Additionally, ownership in an LLC is represented by a "membership interest" or an "LLC interest" (from time to time calculated https://allyourbookmarks.com/story17165177/new-step-by-step-map-for-form-a-limited-liability-company