LLC vs. Partnership The main difference between a partnership and an LLC is always that an LLC separates the business belongings in the company from the personal assets of the owners, insulating the house owners within the LLC's debts and liabilities. [four] On the other hand, some states, including California, https://optimusbookmarks.com/story17131709/helping-the-others-realize-the-advantages-of-form-a-limited-liability-company