CT Business Lawyer Discusses the Differences Between a Partnership and an LLC
As a Hartford County, Connecticut Business attorney, I’m often asked what the difference between a partnership and an LLC is. A partnership involves potential liability of each partner for the activities of its fellow partners. Secondly, it is true that in a partnership and in a LLC they each typically have the same pass-through tax treatment. However, I advise my clients as a CT Business Lawyer that in a partnership, the documentation and government requirements are much less than in an LLC.
This informational blog post was brought to you by Attorney Eric L. Foster, an experienced CT Business Lawyer.
Lindh Foster, LLC
Connecticut Business Lawyer & Debtors Rights Attorney, Eric Foster of Lindh Foster, LLC, has been practicing law for over 25 years in Connecticut, New York and Hong Kong, China. As a Connecticut Business Lawyer, Eric Foster’s legal practice currently centers around representing small businesses and entrepreneurs, in selecting their business structure, forming their businesses, and managing their business transactions. As a former attorney at the Federal Reserve Bank of New York where he focused on the regulation of banks’ lending activities, Attorney Foster is also a passionate consumer advocate and a member of the National Association of Consumer Advocates (NACA). As a Debtor Rights Attorney, Attorney Foster enjoys advocating for and representing consumer debtors in connection with credit card, student loan and other debts they allegedly owe creditors and debt collectors.
