what is difference between llp and llc

what is difference between llp and llc refers to the distinction between two popular types of business structures: Limited Liability Partnerships (LLPs) and Limited Liability Companies (LLCs). An LLC is a flexible business structure that offers limited liability protection to owners while providing tax benefits. An LLP, on the other hand, is a partnership structure that offers limited liability to its partners. The key difference is that LLCs are typically used by individual owners or small groups, while LLPs are more common among professionals like lawyers, accountants, and architects.