Curious about business structures? Unravel the key differences between an LLC and a Partnership in this informative video! Learn about liability protection, taxation, management styles, and more to make informed decisions for your business journey. Don't miss out on this essential knowledge!
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0:00 Learn the difference between an LLC and a Partnership
0:14- What is an LLC?
0:23 What is a Partnership?
0:43- What’s the difference between an LLC and a Partnership?
1:08- An LLC is a type of partnership
1:24- How do taxes vary between LLCs and Partnerships?
2:20 Main difference between Partnership & LLC
4:15 Can creditors go after assets in an LLC or Partnership?
4:47 Why LLCs are better for businesses
5:15 Does anyone need a partnership?