LLC vs. Partnership The principal distinction between a partnership and an LLC is an LLC separates the business belongings from the company from the private belongings with the owners, insulating the house owners from the LLC's debts and liabilities. [4] Having said that, some states, for example California, tend not https://socialevity.com/story18665572/pros-and-cons-of-an-llc-can-be-fun-for-anyone