LLC vs. Partnership The main distinction between a partnership and an LLC is that an LLC separates the business belongings of your company from the personal belongings from the entrepreneurs, insulating the homeowners in the LLC's debts and liabilities. Beware, having said that, that IRS rules about Exclusive allocation of https://hotbookmarkings.com/story17184301/the-smart-trick-of-llc-formation-services-that-no-one-is-discussing