Limited Liability Partnerships (“LLP”) – a twist on the general partnership
A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business agent,business law,business lawyer,business structure,corporation,entrepreneur,entrepreneur law,entrepreneur lawyer,garnet brooks,Halifax lawyer,law of agency,limited liability partnership,limited liability partnership agreement,LLP,partnership,partnership act,sole proprietorship,unlimited liabilityLimited Liability Partnerships (“LLP”) A limited liability partnership (“LLP”) is very similar to a general partnership. The biggest difference is that “innocent” partners have some protection from the unknown negligence or misconduct of other partners. Limited liability partnerships are governed by the Partnership Act, in Nova Scotia. As in a general partnership, all partners in