what is the difference between llp and llc

what is the difference between llp and llc The difference between an LLP (Limited Liability Partnership) and an LLC (Limited Liability Company) lies in the business structure and liability protections. An LLC offers personal liability protection to its members and allows for flexible management, with no restrictions on the number of owners. An LLP, on the other hand, provides liability protection to partners but requires at least two partners. The main difference is in the management structure and the type of business ownership.