http://io9.com/this-medieval-manuscript-curses-the-cat-who-peed-on-it-1502884468. Contrary to what how we curse today, bodily functions were not the worst of the worst for medieval people when it came to swearing.
A limited liability company (LLC) has many advantages as a form of business entity: 1  Pass-through taxation-under the default tax classification, profits taxed at the member level, not at the LLC level (i.e., no double taxation).
The advantage for these limited partners is that they are not personally liable for business debts. The limited liability partnership (LLP) is a similar business structure but it has no general partners. All of the owners of an LLP have limited personal liability for business debts. In order to better understand LPs and LLPs, it's helpful to compare them to general partnerships.