LLC vs. Partnership The primary difference between a partnership and an LLC is the fact an LLC separates the business assets on the company from the private belongings of the entrepreneurs, insulating the homeowners from the LLC's debts and liabilities. Usually, if an LLC goes bankrupt, creditors can only go https://thebookmarkfree.com/story17210128/5-easy-facts-about-how-to-start-an-llc-described