The Benefits and Drawbacks of a Limited Partnership

Posted by amlaw

in Limited Partnerships, Small Business Law

The Benefits and Drawbacks of a Limited Partnership When structuring a business, choosing the right entity is critical. When considering the types of entities available, a limited partnership (LP) does not often come to mind. In certain circumstances, however, it makes the most sense, more so than a corporation or limited liability company. It offers unique advantages that make it an attractive choice for certain types of businesses and investors. This article explores the benefits of forming a limited partnership and compares it to other entities, such as limited liability companies (LLCs) and corporations, to determine when an LP might be...