The concept of limited liability closely is associated with the establishment and operation of a business enterprise, according to "Business Organizations" by D. Gordon Smith and Cynthia A. Williams.

Limited liability insurance is coverage for a partner in a business. This type of insurance provides protection for individuals, not a collective, and protects personal and private assets. Much like a ...

An LLP is an unincorporated business owned and run by multiple people whose assets are protected. Many, or all, of the products featured on this page are from our advertising partners who compensate ...