Company name is attached to the founding partner , has major control and authority

LLP is more attractive for investors - less risk , can buy limited partnership shares

What is different ?

  1. Individual partners can still act by themselves , but only in certain decisions. Whereas in general partnership , they have full freedom over everything , except transfer of shares.
  2. Limited partners have fewer liabilities than the founding partner
  3. Decisions made by one partner , if lead to a negative outcome , doesn't make the other partners accountable
  4. Liability to employee's actions are also limited to your direct authority - you are not held responsible for the actions of the employees who are in the departments headed by other partners
  5. This type of arrangement is a little risky for the founding partner , but attractive for the investing / limited partner
  6. The founding partner becomes solely responsible for alleviating the partner's burden in case of debts and lawsuits

Good for investors , bad for founding partner , but retains control .

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πŸ›οΈ Stoas for [[limited (liability) partnership]]
πŸ“– Open document (Hedgedoc) at
πŸ“– Open document (Etherpad) at
πŸ“Ή Video conferencing space (Jitsi Meet) at