What are the basic differences between LLP and Sole Proprietorship that an entrepreneur should be aware of?

by Commitbiz LLC
Published: June 10, 2025 (4 days ago)
Location
UAE

When starting a business, choosing between limited liability partnership vs sole proprietorship is crucial. Both structures offer different benefits for entrepreneurs. LLP provides shared ownership with limited personal liability, while sole proprietorship offers complete control but unlimited liability. The choice depends on your business goals, risk tolerance, and growth plans. Read this blog to learn more about limited liability partnership vs sole proprietorship.