The Limited Liability Partnership (LLP) is an alternative to the limited liability company (LLC). As with the limited liability company, the limited liability partnership provides a method of insulating partners from personal liability for acts of other partners.
A limited liability partnership is a general partnership that elects to be treated as an LLP by registering with the Secretary of State. Many attorneys and accountants choose the LLP structure since it shields the partners from vicarious liability, can operate more informally and flexibly than a corporation, and is accorded full partnership tax treatment. In a general partnership, individual partners are liable for the partnership's debts and obligations whereas the partners in a limited liability partnership are statutorily provided full-shield protection from partnership liabilities, debts and obligations. It allows the members of the LLP to take an active role in the business of the partnership, without exposing them to personal liability for others' acts except to the extent of their investment in the LLP. Many law and accounting firms now operate as LLPs. In some states, with certain exceptions, the LLP is only available to attorneys and accountants.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Broward Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership In Broward County, Florida, physicians and medical practices enter into Employment Agreements and Non-Competition Agreements to establish the terms of their professional relationship and protect the interests of both parties. These agreements outline various aspects, including employment details, compensation, responsibilities, and restrictions on professional activities. 1. Broward Florida Physician Employment Agreement: This agreement solidifies the terms of employment between a physician and a medical practice operating as a Limited Liability Partnership (LLP) in Broward County. It includes clauses related to the physician's duties, obligations, and rights, as well as the obligations and responsibilities of the medical practice. 2. Broward Florida Non-Competition Agreement: The Non-Competition Agreement, usually incorporated within the Employment Agreement, restricts the physician from engaging in certain activities that could compete or interfere with the medical practice's business interests within a specified period, often within a specific geographic location. 3. Broward Florida Medical Practice Providing Services as an LLP: This agreement outlines the structure, ownership, and management of a medical practice operating as a Limited Liability Partnership in Broward County. It defines the partners' rights and obligations, profit distribution, decision-making process, and establishes the framework for financial and operational matters. Keywords: — Broward Florid— - Employment Agreement — Non-CompetitioAgreementen— - Physician - Medical Practice — Limited LiabilitPartnershiphi— - Professional relationship — Terms oemploymenten— - Compensation - Responsibilities — Restriction— - Employment details - Obligations and rights — Business interest— - Geographic location — Structure - Ownershi— - Management - Partners' rights and obligations — Profidistributionio— - Decision-making process — Financial and operational mattersBroward Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership In Broward County, Florida, physicians and medical practices enter into Employment Agreements and Non-Competition Agreements to establish the terms of their professional relationship and protect the interests of both parties. These agreements outline various aspects, including employment details, compensation, responsibilities, and restrictions on professional activities. 1. Broward Florida Physician Employment Agreement: This agreement solidifies the terms of employment between a physician and a medical practice operating as a Limited Liability Partnership (LLP) in Broward County. It includes clauses related to the physician's duties, obligations, and rights, as well as the obligations and responsibilities of the medical practice. 2. Broward Florida Non-Competition Agreement: The Non-Competition Agreement, usually incorporated within the Employment Agreement, restricts the physician from engaging in certain activities that could compete or interfere with the medical practice's business interests within a specified period, often within a specific geographic location. 3. Broward Florida Medical Practice Providing Services as an LLP: This agreement outlines the structure, ownership, and management of a medical practice operating as a Limited Liability Partnership in Broward County. It defines the partners' rights and obligations, profit distribution, decision-making process, and establishes the framework for financial and operational matters. Keywords: — Broward Florid— - Employment Agreement — Non-CompetitioAgreementen— - Physician - Medical Practice — Limited LiabilitPartnershiphi— - Professional relationship — Terms oemploymenten— - Compensation - Responsibilities — Restriction— - Employment details - Obligations and rights — Business interest— - Geographic location — Structure - Ownershi— - Management - Partners' rights and obligations — Profidistributionio— - Decision-making process — Financial and operational matters
