The Horse Capital of the World needs to have a horse festival that should coincide with HITS' arrival.
Difference Between LTD Partnership & LLC. A limited partnership and limited liability company are both types of business entities formed under state law. They are similar in structure due to the fact that limited liability companies, or LLCs, are designed to combine the benefits of both partnerships and corporations.or an LLC, all the owners -- called members -- receive this liability protection. However, the owners of a limited partnership are not treated the same in this regard. A limited partnership is required to have at least one general partner and one limited partner.
The abbreviation ltd. associated with a business enterprise is commonly used in different European countries as well as in Canada, according to InvestorWords.com.Ltd. is also used from time to time with companies in the United States.arning. Merely adding ltd. to the end of a business's name does not, in and of itself, limit liability. Rather, the company must appropriately be established in the first place, complying with the organizational laws of the jurisdiction where created.