The Horse Capital of the World needs to have a horse festival that should coincide with HITS' arrival.
Difference Between LTD Partnership & LLC. A limited partnership and limited liability company are both types of business entities formed under state law. They are similar in structure due to the fact that limited liability companies, or LLCs, are designed to combine the benefits of both partnerships and corporations.or an LLC, all the owners -- called members -- receive this liability protection. However, the owners of a limited partnership are not treated the same in this regard. A limited partnership is required to have at least one general partner and one limited partner.
Limited Liability Company. A limited liability company or LLC is a business organization that has some benefits of a corporation and some of a limited partnership. In other words, an LLC is an entity type that gives owners the benefits of owning a corporation while maintaining the advantages of a limited partnership. This is a relatively new form of business compared to corporations.