Those starting a business often wonder what the difference is between an LLC and an LLP. In Wisconsin it can be a lot different. The first major difference is that one is a Corporation, the other is a partnership. This may seem obvious, but it can have very severe tax differences and liability differences.
There will be a three part series highlighting the difference between a Wisconsin LLC and a Wisconsin LLP. First, how is each formed, Second, What are the liability differences between each, and Third, what are the tax differences between each entity.
How to Form an LLC-