Partnership vs. LLP

AndyH on

Hi - Are there any benefits to starting an investment club
under an LLP business entity vs. General Partnership?

iras1 on

None and generally there are disadvantages, namely, that there are usually additional fees and filing requirements at the state level.

Ira Smilovitz

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In a message dated 11/18/10 13:41:03 Eastern Standard Time, curioushuang@bivio.com writes:

Hi - Are there any benefits to starting an investment club
under an LLP business entity vs. General Partnership?

Laurie Frederiksen on

Hi Andy,

An LLP is a form of business organization usually used by professional
groups such as accountants and lawyers. In fact, some states restrict
it to those types of groups. You might be thinking of an LLC which is
a Limited Liability Company.

There is a writeup on the bivio library page:

www.bivio.com/hn/library-faq.html

that gives an overview of General Partnership, LLC and Corporation as
possible types of business structure for an investment club.

http://www.bivio.com/hn/starting-an-investment-club-business-general-partnership-llc-corporation.html

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Laurie Frederiksen
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