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.
âPrivate companies limited by guaranteeâ do not have shareholders. Their liability is limited to the money or capital that the principals contributed to the business. Charities often organize with this structure. âPrivate unlimited companiesâ donât necessarily have a share capital, and its members do not have liability.he abbreviation LTD stands for âlimited company.â The name is attached to businesses operating in the United Kingdom and many of its Commonwealth countries. The designationâs regulations vary between countries, but in the United Kingdom an LTD refers to a privately held limited company.