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You should therefore spend an appreciable amount of time thinking about your options and talking to your account and business lawyer to determine the right choice for you.

Credit attorney. The type of law firm structure you select will determine for instance how much tax you pay and whether others can sue you for the actions or in actions of your law practice. The type of legal structure chosen for a law firm is an important decision. The llp is a fairly new structure that appeared as a result of demand from attorney and accounting firms to be able to limit the liability between partners attorney and accounting firms were at one time not allowed to incorporate though they are now.

An llp is taxed like a partnership but limits the liabilities of all partners much like an llc.

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