accounting firm LLP vs LLC A Limited Liability Partnership (LLP) is a business structure commonly chosen by professional firms, including accountants, lawyers, and consultants. In an LLP, each partner manages the business directly but has limited liability for the company’s debts or the actions of other partners. This setup allows partners to protect their personal assets while maintaining shared control over business decisions. Visit : https://corporationcenter.us/can-an-accounting-firm-be-an-llp-or-an-llc/