LLPs enjoy the flow-through tax benefit of other types of partnerships.

Name: LLPs enjoy the flow-through tax benefit of other types of partnerships.
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Limited Liability Partnerships (LLPs) enjoy the flow-through tax benefit of other types of partnerships, meaning that the partnership itself does not pay taxes on its income, but rather the individual partners report their share of the partnership's income on their personal tax returns and pay taxes on it accordingly.

LLPs Enjoy the Flow-Through Tax Benefit of Other Types of Partnerships