Partnerships put no caps on business liabilities. As a result, house owners can have their assets seized to repay debts. As opposed to an LLC, partnerships are not legal entities in by themselves. "[6] Also, possession within an LLC is represented by a "membership interest" or an "LLC fascination" (in https://social-medialink.com/story2461048/new-step-by-step-map-for-best-llc-services