There are a few key differences between a partnership and a multi-member LLC. One requires no paperwork to start but might require regular documents updating when partners leave for whatever reason. Another provides more protection to other people in the business from liability in case any of its members ends up doing something that could lead to legal trouble. See all the details down below.
To have me work with you on your business, contact me to schedule a free bookkeeping consultation. Accurate books give you the reports and tools you need to make good decisions and is the first thing smart business owners outsource to begin working on their business rather than only in it. I can work with you regardless of your business structure, even if it’s a multi-member LLC or a partnership.
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