LLP, LLC, LTD, LP, LLLP, PC, CO, CORP… There are so many different acronyms and types of business that anyone may be easily overwelmed. This page aims to break down some of the complicated issues that are involved in business formation, operation, and termination that may arise during the lifespan of a business. And, of course, I will explain those pesky acronyms and why they are important.